Acri Capital Acquisition Prices $75M IPO

Acri Capital Acquisition priced its initial public offering of 7.5 million units at $10 each. A unit consists of one share and one-half of a warrant.

The units begin trading today on the Nasdaq under the ticker symbol ACACU. Once the securities begin separate trading, stock and warrants will list under the symbols ACAC and ACACW.

The new SPAC intends to target technology-enabled sectors in North America, including the e-commerce, financial services, educational technology services, or health information service sectors.

CEO, CFO and Chairwoman Joy Yi Hua is the managing director of Serene View Capital, an investment management and consulting firm. 

The offering is expected to close June 14.

EF Huttonis sole book-running manager. Read more.

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The SPAC has not cited any specific sectors to target, but will concentrate on companies in growing markets, with differentiated products or services and unrecognized value.