Alpha Star Acquisition priced its IPO of 10 million units at $10 each.
The company’s units list on ther Nasdaq and begin trading today under the ticker symbol ALSAU. Each consists of one ordinary share, one right to receive one seventh of a share and one warrant to acquire half an ordinary share at an exercise price of $11.50 for each whole share. Once the securities begin separate trading, shares, rights, and warrants are expected to list under the symbols “ALSA”, “ALSAR” and “ALSAW”, respectively.
Ladenburg Thalmann is sole bookrunner and the representative of the underwriters in the offering. Brookline Capital Markets is co-manager.
The new SPAC will focus on acquiring a business in Asia, although the company has not specified any sectors. Read more.