IPOs
By The Online Investor Staff, updated Wed., Jun. 29, 8:37 AM
| This Slide: #2 of 15 |
Slide #2. SK Growth Opportunities Corporation — Initial Public Offering
Company:
SK Growth Opportunities Corporation
Proposed Symbol:
SKGR
Shares Offered:
20,000,000
Price Per Share:
$10.00
Over-Allotment:
3,000,000
Description:
SK Growth Opportunities Corporation (the "Company"), a blank check company formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, priced its initial public offering of 20,000,000 units at a price of $10.00 per unit on June 23, 2022. The units will be listed on the Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "SKGRU" beginning June 24, 2022. Each unit consists of one Class A ordinary share of the Company and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols "SKGR" and "SKGRW," respectively. The offering is expected to close on June 28, 2022, subject to customary closing conditions. Deutsche Bank Securities Inc. is acting as sole book runner for the offering. The Company has granted the underwriter a 45-day option to purchase on a pro rata basis up to 3,000,000 additional units at the initial public offering price, less the underwriting discounts and commissions. The options may be exercised only to cover any over-allotments of units.
