Oak Woods Acquisition Corporation Announces Closing of $57,500,000 Initial Public Offering and Full Exercise of Over-Allotment Option
28 Marzo 2023 - 8:00PM
Oak Woods Acquisition Corporation (the "Company") announced
today the closing of its initial public offering of 5,750,000 units
at $10.00 per unit, including 750,000 units issued pursuant to the
full exercise by the underwriters of their over-allotment option.
The units are listed on Nasdaq ("Nasdaq") and began trading on
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 “OAKU,” “OAKUR” and “OAKUW,” respectively.
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.
EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”)
acted as the sole book running manager for the offering.
RAITI, PLLC is serving as legal counsel to the Company. Ortoli
Rosenstadt LLP is serving as counsel to EF Hutton.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from EF Hutton, division of
Benchmark Investments, LLC, 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 was filed with and declared effective
by the Securities and Exchange Commission ("SEC") on March 23,
2023. 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 STATEMENTSThis press release
contains statements that constitute "forward-looking statements,"
including with respect to the Company’s initial public offering,
the anticipated use of the net proceeds thereof and the Company’s
search for an initial business combination. No assurance can be
given that the net proceeds of the initial public offering will be
used as indicated. 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 prospectus for the initial
public 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 ZhengChief Executive
Officer, Chief Financial Officer, Chairman and DirectorOak Woods
Acquisition Corp.Email: pr@oakwoodsacquisition.comPhone: (+1)
403-561-7750
Grafico Azioni Oak Woods Acquisition (NASDAQ:OAKUU)
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