Bowen Acquisition priced an initial public offering of 6 million units at $10 each. The units list on the Nasdaq and began trading today under the ticker symbol BOWNU.
Each consists of one share and one right to receive one-tenth of a share upon completion of a business combination, subject to adjustment.
Once the securities begin separate trading, shares and rights are expected to list under the symbols BOWN and BOWNR.
The SPAC has said in a regulatory filing that it is broadly focused on targets in Asia, but will not do a deal with any company with China operations consolidated through a VIE structure.
Chairwoman Na Gai has served as the executive president for Shenzhen Guoxing Capital, an asset management and investment company based in China, since September 2015. Read more.
