Plutonian Acquisition closed its IPO of 5 million units, plus an additional 750,000 units issued through the full exercise of the underwriters’ over-allotment option. Units list on the Nasdaq under the ticker symbol PLTNU.
Each consists of one share, a warrant and one right to receive one-sixth of a share when the SPAC closes a 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. Chairman, President and CEO Wei Kwang Ng is an independent director of Redwoods Acquisition, which raised $100 million in April to target carbon neutral and energy companies. He is also assistant vice president of Singapore Post Ltd. Read more.
