Frontier Acquisition closed its IPO of 23 million units priced at $10 each, including the exercise in full by the underwriters of their option to purchase an additional 3 million units.
A unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant is exercisable at $11.50 for a share. Units list on the Nasdaq under FRONU. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under FRON and FRONW, respectively.
Frontier Acquisition intends to pursue opportunities at the intersection of the healthcare and technology industries. Read more.
