Home > Boards > Free Zone > All Fundamentals > Special Purpose Acquisition Co (SPAC)

Warrant is not the same 1/10 deal...

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
MWM Member Profile
Member Level 
Followed By 918
Posts 129,178
Boards Moderated 25
Alias Born 03/31/06
160x600 placeholder
MWM Member Level  Thursday, 05/21/20 09:49:46 AM
Re: eom7 post# 462
Post # of 873 
Warrant is not the same 1/10 deal...

The registration statement for the Company’s Initial Public Offering was declared effective on November 20, 2017. On November 22, 2017, the Company consummated the Initial Public Offering of 6,000,000 units (the “Units” and, with respect to the common stock included in the Units being offered, the “Public Shares”), generating gross proceeds of $60,000,000, which is described in Note 3. Each Unit consists of one share of common stock, one right (“Public Right”) and one-half of one warrant (“Public Warrant”). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination. Each whole Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 per whole share.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist