Fintech-focused Avalon Acquisition priced its IPO of 18 million units at $10 each.
A unit consists of one share and three-fourths of a warrant.
The units list on the Nasdaq and begin trading today under AVACU. Once the securities begin separate trading, shares and warrants are expected to list under AVAC and AVACW.
Maxim is sole book-running manager for the offering. The underwriters have an option to purchase up to 2.7 million additional units to cover over-allotments, if any.
The offering is expected to close Oct. 8. Read more.
