Quetta Acquisition priced its initial public offering of 6 million units at $10 each.
The units trade on the Nasdaq under the ticker symbol QETAU. Each consists of one share and one-tenth of a right to receive a share upon the completion of a business combination.
Once the securities begin separate trading, stock and rights are expected to list under the symbols QETA and QETAR.
The company in its initial registration with the SEC said it intends to prioritize the evaluation of businesses in Asia (excluding China, Hong Kong, and Macau) that operate in the financial technology sector.
Quetta is led by Chairman and CEO Hui Chen, whose prior SPAC, Yotta Acquisition, terminated a deal in August with aquaculture company NaturalShrimp.
EF Hutton is book-running manager in the offering. Brookline Capital Markets is acting as co-manager. Read more.