Pacifico Acquisition Prices $50M IPO


Pacifico Acquisition priced its IPO of 5 million units at $10 each. Units begin trading today on the Nasdaq under PAFOU. Each consists of one share and one right to receive one-tenth of a share on closing of a business combination.

Once the securities begin separate trading stock and rights will list under PAFO and PAFOR.

Chardan is sole book-running manager in the offering. The underwriters have an option to purchase up to an additional 750,000 units to cover over-allotments, if any.

The offering is expected to close Sept. 16.

Pacifico intends to focus on the new energy, biotech, and education industries in Asia, excluding China. Read more.

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