MDH Acquisition closed its upsized IPO of 27.6 million at $10.00 per unit, including 3.6 million units issued pursuant to the full exercise by the underwriters of their over-allotment option.
Units trade on the NYSE under MDH.U. Each consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at $11.50. After the securities comprising the units begin separate trading, shares and warrants will list under MDH and MDH.WS, respectively.
The SPAC plans to concentrate on companies involved in transportation and logistics, telecommunications, financial services and professional services. Read more.
