EF Hutton Acquisition I closed its initial public offering of 11.5 million units at $10 each, including 1.5 million units issued under the full exercise by the underwriters of their over-allotment option.
Units trade on the Nasdaq under EFHTU.
After the securities begin separate trading, shares of stock, warrants and rights are expected to list under EFHT, EFHTW, and EFHTR, respectively.
The new SPAC intends to focus its search on companies within the consumer and retail industry. The company is led by Chairman and CEO Benjamin Piggott, CFO Kevin Bush, and Co-Presidents Joseph Rallo and David Boral.
EF Hutton was sole book running manager and underwriter of the offering. Read more.
