The UAE’s first SPAC will launch its public offer on May 12, offering 36.7 million shares at Dh10 apiece (about $99.8 million), Gulf News reports. The offer period for ADC Acquisition will run until May 19, and subsequently list on ADX.
The offering represents 80 per cent of the issued share capital in ADC. In addition, 18.35 million public warrants will be issued. Read more.
