Yellowstone Acquisition Company announced it closed the sale of an additional 1,098,898 units under the partial exercise of the underwriters’ over-allotment option in connection with the company’s $125 million IPO. The additional units were sold at the IPO price of $10 per unit.
Total gross proceeds increased to approximately $136 million as a result of the option exercise.
When the securities comprising the units begin separate trading, shares and warrants are expected to be listed on the Nasdaq under “YSAC” and “YSACW,” respectively. Read more.
