Sagaliam Acquisition priced its initial public offering of 10 million units at $10 each. The units list on the Nasdaq and begin trading today under the ticker symbol SAGAU. Each consists of one share of Class A common stock and one right to receive one-eighth of a share.
The blank check company intends to capitalize on the capabilities of its management team and sponsor to identify, acquire and operate a business in the telecommunications, media, and technology industries.
EF Hutton is sole book-running manager for the offering. Read more.
