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Micro-cap Hong Kong SPAC Tottenham Acquisition prices US IPO at $10

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Tottenham Acquisition I, a Chinese blank check company formed to acquire a TMT business, raised $40 million by offering 4.0 million units at $10, as expected. Units consists of one share, one warrant to purchase one-half of one share (whole warrants exercisable at $11.50), and one right to receive one-tenth of one share upon the company's acquisition.

The Hong Kong-based SPAC plans to list on the Nasdaq on Thursday under the symbol TOTAU. Chardan Capital Markets acted as lead manager on the deal.

The article Micro-cap Hong Kong SPAC Tottenham Acquisition prices US 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.


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

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