CHW Acquisition today priced its upsized IPO of 11 million units at $10 each, an increase of 10 percent.
Units begin listing today on the Nasdaq under CHWAU. Each consists of one share and one redeemable warrant; whole wrrants exercisable at $11.50. Once the securities begin separate trading, shares and warrants are expected to list under CHWA and CHWAW.
The offering is expected to close Sept. 1.
CHW in an S-1 filing in March said it will pursue a business combination within the consumer product or consumer-related industry.
Chardan is sole book-running manager of the offering. The underwriter has an option to purchase up to an additional 1.65 million units to any cover over-allotments. Read more.
