Avista Public Acquisition II priced its IPO of 20 million units at $10 per unit.
Units begin trading today on the Nasdaq under AHPAU. Each consists of one Class A share and one-third of one redeemable warrant. Each whole warrant is exercisable at $11.50 per share. After the securities begin separate trading, shares and warrants are expected to list under AHPA and AHPAW.
The new SPAC will pursue a business combination with a target company in the technology and financial services industry.
Credit Suisse is sole book-running manager. The underwriter has an option to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
