Oak Woods Acquisition Corporation Announces Pricing of $50,000,000 Initial Public Offering
23 Marzo 2023 - 11:00PM
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.
The Company is a newly organized blank check company
incorporated as a Cayman Islands exempted company for the purpose
of entering into a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. Although the Company is not limited to a
particular industry or geographic region for purposes of
consummating an initial business combination, it intends to focus
on businesses that have their primary operations in the
technology-enabled healthcare services industry located in the
Asia-pacific region. The Company is led by Lixin Zheng, Chief
Executive Officer, Chief Financial Officer, Chairman and
Director.
RAITI, PLLC is serving as legal counsel to the Company. Ortoli
Rosenstadt LLP is serving as counsel to EF Hutton.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from EF Hutton,
Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York,
New York 10022, by telephone at (212) 404-7002, by fax at (646)
861-4697, or by email at syndicate@efhuttongroup.com.
A registration statement on Form S-1 (File No. 333-269862)
relating to these securities has been filed with, and declared
effective by, the Securities and Exchange Commission ("SEC") on
March 23, 2023. A final prospectus relating to this offering will
be filed with the SEC. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS This press release contains
statements that constitute "forward-looking statements," including
with respect to the Company’s initial public offering. No assurance
can be given that the offering discussed above will be completed on
the terms described, or at all. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
preliminary prospectus for the offering filed with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Company Contact: Lixin Zheng Chief Executive Officer,
Chief Financial Officer, Chairman and DirectorOak Woods Acquisition
Corp. Email: pr@oakwoodsacquisition.com Phone: (+1)
403-561-7750
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