Bite Acquisition closed its IPO of 17.5 million units priced at $10 each.
Units list on the NYSE under BITE.U. Each consists of one share of common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share at $11.50. Once the securities comprising the units begin separate trading, common stock and warrants will list under BITE and BITE WS, respectively.
The blank check company plans to focus on the traditional and non-traditional restaurant sectors in North America. Read more.
