Acri Capital Acquisition Raises $86.25 in IPO and Over-Allotment

Acri Capital Acquisition closed its initial public offering of 8.625 million units, including 1.125 million units issued through the exercise of the underwriter’s over-allotment option.

Units trade on the Nasdaq under the ticker symbol ACACU. Once the securities begin separate trading, stock and warrants are expected to list under the symbols ACAC and ACACW.

EF Hutton is sole book-running manager.

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. Read more.

 

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