African Gold Acquisition priced its upsized IPO of 36 milion units at $10.00 each. The SPAC offered 6 million more units than initially planned.
Units begin trading today on the NYSE under AGAC.U. Each consists of one Class A ordinary share and three-quarters of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50. After the securities comprising the units begin separate trading, shares and warrants are expected to list under AGAC and AGAC.W, respectively.
The offering is expected to close March 2.
African Gold Acquisition intends to focus on a target with operations or prospective operations in the gold mining sector. Read more.
