Alset Capital Acquisition priced its initial public offering of 7.5 million units at $10 each. The units are expected to be listed on the Nasdaq and trade under the ticker symbol ACAXU starting today. Each consists of one of share, one-half of a warrant, and one right to receive one-tenth of a share at the closing of an initial business combination.
The SPAC intends to focus on businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space, which may be referred to as “Proptech” businesses.
EF Hutton is the sole book running manager for the offering. Read more.
