Mana Capital Acquisition Bumps Planned IPO to $62M

Mana Capital Acquisition in an amended S-1 filing disclosed it now plans to offer 6.2 million units, up from the 6 million initially registered last month.

A unit still consists of one share of common stock and one-half of a warrant. The SPAC has set a 9-month merger deadline, which can be extended monthly up to 21 months.

The SPAC is broadly focused on companies in disruptive industries with a record of revenue growth.

Mana is led by Chairman, CEO and Principal Financial and Accounting Officer Jonathan Intrater, who is a managing director in the investment banking department at Ladenburg, Thalmann.

Ladenburg, Thalmann is sole book-runner for the offering. I-Bankers is co-manager.

Mana Capital has applied to list on the Nasdaq under MANAU. Read more

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