Bukit Jalil Global Acquisition 1 Prices $50M IPO

Bukit Jalil Global Acquisition 1 Ltd. priced its initial public offering of 5 million units at $10 per unit. Each consists of a share, one-half of a warrant and one right to receive one-tenth of a share upon completion of a merger.

Units began trading today on the Nasdaq under the ticker symbol BUJAU. Once the units begin separate trading, ordinary shares, and rights are expected to list under the symbols BUJA, BUJAW and BUJAR, respectively.

The offering is expected to close June 30.

The SPAC is sponsored by Bukit Jalil Global Investment Ltd., a Cayman Islands exempted company.

Led by Malaysian businessman Seck Chyn “Neil” Foo, the SPAC is focused on emerging markets.

A.G.P./Alliance Global Partners is sole book-running manager for the offering. Read more.

Source: Bukit Jalil Global Acquisition 1 Prices M IPO