Oak Woods Acquisition announced today the closing of its initial public offering of 5.75 million units at $10 each, including 750,000 units issued under the full exercise by the underwriters of their over-allotment option.
Units list on the Nasdaq under the ticker symbol OAKUU. Each consists of a share, one warrant and one right to receive one-sixth of a share when the SPAc completes a business combination. Once the securities begin separate trading, shares, rights and warrants will list under the symbols OAKU, OAKUR and OAKUW, respectively.
Oak Woods intends to target high-growth technology companies in the Asia-pacific region that are engaging in the public and private healthcare, medical services and technology-enabled healthcare services sectors. Read more.
