BYTE Acquisition priced its IPO of 30 million units at $10 each.
Units start trading today on the Nasdaq under BYTSU. The offering is expected to close March 23.
BYTE Acquisition will target companies in the Israeli technology industry, including those engaged in enterprise software, SaaS, cybersecurity, cloud computing, artificial intelligence (“AI”) and robotics, fintech, automotive technology, semiconductors, medical technology and that offer differentiated technology platforms and products.
Each unit issued in the offering consists of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 for a share. Once the securities comprising the units commence separate trading, shares and warrants are expected to list under BYTS and BYTSW. Read more.
