Liberty Resources Acquisition priced 10 million units at $10 each for an IPO to fund the acquisition of a company in the oil and gas industries. Units trade on the Nasdaq under LIBYU.
A unit consists of one share and one-half of one redeemable warrant; whole warrants exercisable at $11.50 per share.
The SPAC’s Chairwoman and CEO Dato’ Maznah Binti Abdul Jalil has over 30 years of investment banking experience in a merchant bank and DRB-HICOM Berhad Group of Companies.
E.F. Hutton is sole manager of the offering. The underwriters have the option to purchase up to an additional 1.5 million units to cover over-allotments, if any. Read more.
