Aquila Acquisition, Hong Kong’s first SPAC, aims to raise about HK$1 billion after setting its offering price at HK$1.05 million per board lot, The Standard reports.
The China Merchants Bank-backed SPAC is offering 100.065 million Class A Shares at HK$10 apiece as well as 50.0325 million listed warrants. The warrant code of the listed warrants will be 4836.
The blank check firm expected to debut this Friday after announcing its initial public offering results on Thursday.
The funds will be used to buy a tech-enabled company in “new economy” sectors like green energy and life sciences. Read more.
