Aimfinity Investment I priced its initial public offering of 7 million units at a $10 each. The units list on the Nasdaq and begin trading today under the symbol AIMAU. Each consists of one Class A ordinary share, a Class 1 redeemable warrant and one-half of a Class 2 redeemable warrant, with each whole warrant exercisable at $11.50 per share. The separation of the Class 1 redeemable warrant will result in a new unit comprising one Class A ordinary share and one-half of a Class 2 redeemable warrant. Once the Class 1 redeemable warrants begin separate trading, the Class 1 warrants and new units will be listed under the symbols AIMAW and AIMBU. Class A shares will not trade separately until consummation of a business combination and will list under the symbol AIMA.
The tech-focused SPAC in regulatory filings has said it will not consider any business operating in China, Hong Kong or Macau.
The offering is expected to close April 28.
US Tiger Securities and EF Hutton are joint book-running managers of the offering. Read more.
