Spac led by Singapore-based businessman raises $118m in Nasdaq IPO

spac led by singapore based businessman raises 118m in nasdaq ipo

Sumary of Spac led by Singapore-based businessman raises $118m in Nasdaq IPO:

  • SINGAPORE (THE BUSINESS TIMES) – Special purpose acquisition company (Spac) 8i Acquisition 2 Corp began trading on the US Nasdaq stock exchange on Nov 22 after raising US$86.3 million (S$118 million) in its initial public offering, it said on Thursday (Nov 25).
  • Each unit consists of one ordinary share, one warrant to purchase half of an ordinary share, and a right to receive one-tenth of an ordinary share, upon the start of the company’s initial business combination.
  • 8i Acquisition 2 Corp is a newly organised blank cheque company incorporated in the British Virgin Islands.

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