IPOsBy The Online Investor Staff, updated Wed., Feb. 26, 3:32 PM
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Slide #4. Newborn Acquisition Corp. — Initial Public Offering
Newborn Acquisition Corp.
Price Per Share:
Newborn Acquisition Corp. (NASDAQ: NBACU, the "Company") announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The units are expected to be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "NBACU" beginning today, February 14, 2020. Each unit consists of one ordinary share, one warrant to purchase one-half of one ordinary share and one right to receive one-tenth of one ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on NASDAQ under the symbols "NBAC," "NBACW," and "NBACR," respectively. In addition, the underwriters have fully exercised the over-allotment option to purchase an additional 750,000 units offered by the Company to cover over-allotments.