Hainan Manaslu Acquisition priced its initial public offering of 6 million units, which started listing today on the Nasdaq under the symbol HMACU. Each unit consists of one share, a warrant and one right. Each right entitles the holder to receive one-tenth of a share.
Once the securities begin separate trading, shares, warrants and rights are expected to list under the symbols HMAC, HMACW and HMACR.
Ladenburg Thalmann is sole book-running manager for the offering.
Hainan Manaslu intends to focus on high growth industries, but will exclude any business with China operations. Read more.
