AlphaTime Acquisition closed its initial public offering of 6 million units. The units list on the Nasdaq under the ticker symbol ATMCU. Each consists of one ordinary share, a warrant and one right entitling the holder to receive one-tenth of a share upon completion of a business combination.
The SPAC is broadly focused on companies in asia, and the management team has an extensive network in China, according to the initial S-1 filing for the offering.
After the securities begin separate trading, ordinary shares, warrants and rights are expected to list under the symbols “ATMC, ATMCW and ATMCR, respectively.
Chardan Capital Markets was sole book-running manager of the offering. Read more.
Source: AlphaTime Acquisition Closes M IPO