This is why LMFA should run over $10.00 per share. Offering news yesterday found it on E Trade 1/28
LMF Acquisition Opportunities, Inc. Announces Closing of $103.5 Million Upsized Initial Public Offering, Including Full Exercise of the Overallotment Option
4:15 PM ET 1/28/21 | Dow Jones
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4:00 PM ET 1/29/21
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LMFA
2.05 36.67%
Real time quote.
TAMPA, FL / ACCESSWIRE / January 28, 2021 / LMF Acquisition Opportunities, Inc. (NASDAQ:LMAOU) ("LMF Acquisition Opportunities" or the "Company") today announced the closing of its upsized initial public offering of 10,350,000 units, which included the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit, resulting in total gross proceeds of $103,500,000. Each unit consisted of one share of Class A common stock and one redeemable warrant, each warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The Company's units commenced trading on the Nasdaq Capital Market ("Nasdaq") on January 26, 2021 under the symbol "LMAOU." Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "LMAO" and "LMAOW," respectively.
Maxim Group LLC acted as sole book-running manager for the offering.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $105,570,000 (or $10.20 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of January 28, 2021 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (the "SEC").
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