IPOs
By The Online Investor Staff, updated Sat., Mar. 25, 1:22 PM
| This Slide: #1 of 15 |
Slide #1. Oak Woods Acquisition Corporation — Initial Public Offering
Company:
Oak Woods Acquisition Corporation
Proposed Symbol:
OAKUU
Shares Offered:
5,000,000
Price Per Share:
$10.00
Over-Allotment:
750,000
Description:
Oak Woods Acquisition Corporation (the "Company") announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The units will be listed on Nasdaq and will begin trading tomorrow, March 24, 2023, under the ticker symbol "OAKUU". Each unit consists of one Class A ordinary share, one redeemable warrant and one right to receive one-sixth (1/6) of a Class A ordinary share upon the consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares, rights and warrants will be traded on Nasdaq under the symbols "OAKUO," "OAKUR" and "OAKUW," respectively. EF Hutton, division of Benchmark Investments, LLC ("EF Hutton"), is acting as the sole book running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 750,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on March 28, 2023, subject to customary closing conditions.
