Reported Earlier, Melar Acquisition Corp. I Prices $150M Initial Public Offering Of 15M Units At $10/Unit
Portfolio Pulse from Benzinga Newsdesk
Melar Acquisition Corp. I has priced its $150M IPO at $10 per unit, with each unit consisting of one Class A ordinary share and one-half of one warrant. The units will be listed on Nasdaq under the symbol 'MACIU' starting June 18, 2024. The Class A shares and warrants will trade separately under 'MACI' and 'MACIW' respectively once separated.
June 18, 2024 | 9:00 am
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POSITIVE IMPACT
Melar Acquisition Corp. I's Class A shares will trade separately on Nasdaq under the symbol 'MACI' once the units begin separate trading.
The separate trading of Class A shares under 'MACI' is likely to attract investor attention and could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Melar Acquisition Corp. I's IPO is priced at $10 per unit, with trading on Nasdaq starting June 18, 2024. Each unit includes one Class A share and one-half of one warrant.
The IPO pricing and listing on Nasdaq are significant events that typically generate investor interest and can positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Melar Acquisition Corp. I's warrants will trade separately on Nasdaq under the symbol 'MACIW' once the units begin separate trading.
The separate trading of warrants under 'MACIW' is likely to attract investor attention and could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80