AF Acquisition priced its IPO of 20 million units at $10 each.
Units begin trading today on the Nasdaq under AFAQU. Each consists of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under AFAQ and AFAQW, respectively.
The SPAC intends to focus its search on companies in the food and beverage, health and wellness, beauty, personal care and pet industries.
The offering is expected to close March 23. Read more.
