China-focused SPAC Wealthbridge Acquisition prices $50 million IPO at $10

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Wealthbridge Acquisition, a blank check company targeting the air transportation industry in China, raised $50 million by offering 5.0 million units at $10, as expected. 

Each unit consists of one ordinary share, one warrant to purchase one-half of one share (full warrants are exercisable at $11.50), and one right to receive one-tenth of a share upon the consummation of the company's initial business combination.

Wealthbridge Acquisition plans to list on the Nasdaq under the symbol HHHHU. Chardan Capital Markets acted as a lead manager on the deal.

The article China-focused SPAC Wealthbridge Acquisition prices $50 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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