Plutonian Acquisition priced its initial public offering of 5 million units at $10 each. The units list on the Nasdaq and began trading today under the ticker symbol PLTNU. Each consists of one share, a warrant, and one right to receive one-sixth of a share upon ciompletion of an initial business combination.
Once the securities begin separate trading, shares, warrants and rights are expected to list under the symbols PLTN, PLTNW and PLTNR, respectively.
Plutonian intends to focus its search for a target business engaged in metaverse technologies, tourism and e-commerce related industries in the Asia-Pacific, or APAC, region.
EF Hutton is sole book-running manager for the offering. Read more.
