Bayview Acquisition priced its upsized initial public offering of 6 million units at a price of $10 each. The new SPAC initially registered to offer 5 million units.
The SPAC intends to pursue a business combination with a company in Asia, including China.
Units list on the Nasdaq and began trading today under the ticker symbol BAYAU. Each consists of one share and one right good for one-tenth of a share upon completion of a business combination. After the securities begin separate trading, shares and rights are expected to list under the symbols BAYA and BAYAR. The offering is expected to close Dec. 19.
CEO and Director Xin Wang has served as managing partner of Bohai Harvest RST (Shanghai) Equity Investment Management since January 2015. Previously, she was an associate at two international law firms. Wang has also served as a director of Atomic47 since April 2019. Ms. Wang received her Bachelor’s degree in Commerce from McGill University and a law degree from Boston University School of Law.
Chardan Capital Markets is sole bookrunning manager on this deal. Read more.
