AMR Resources Acquisition (AMAC) priced its initial public offering of 25 million units at $10 per unit, for a total of $250 million, according to a Thursday statement.
Each unit consists on 1 class A common shares and half of a redeemable warrant, with a whole warrant exercisable for 1 class A share at $11.50, AMR Resources said. The underwriters were granted a 45-day option to purchase up to 3.75 million units at the same IPO price, the company added.
The units are set to start trading on Nasdaq Friday under the ticker "AMACU" and the IPO is expected to close July 20, AMR Resources said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments