Valuence Merger I priced its initial public offering of 20 million units at $10 each. The units list on the Nasdaq and begin trading today under the ticker symbol VMCAU. Each consists of one Class A ordinary share and one-half of a warrant. When the securities begin separate trading, the shares and warrants are expected to be traded under the symbols VMCA and VMCAW.
Valuence plans to pursue an acquisition of a life sciences company based in Asia, though excluding China, Hong Kong and Macau.
The offering is expected to close March 3.
SVB Leerink is sole bookrunning manager for the offering, and Baird is the lead manager. Read more.
