Cetus Capital Acquisition Prices $50M IPO

Cetus Capital Acquisition priced its initial public offering of 5 million units at $10 each.

Units list on the and began trading today under the ticker symbol CETUU. Each consists of one share, a warrant, and one right to receive one-sixth of a share upon completion of a business combination.

Once the securities begin separate trading, stock, warrants and rights will list under the symbols CETU, CETUW and CETUR, respectively.

The SPAC in regulatory filings has said it is not focused on any particular sector or industry, but will exclude any business operating in , including Hong Kong and Macau.

CEO, President and Chairman Chung-Yi Sun is managing director of AWinner Limited, an investment firm focused on breakthrough Information Technology companies. Sun has also served since June 2010 as assistant vice president of Lite-On Green Technologies, a Taiwan-based green technology company.

EF Hutton is sole book-running manager of the offering. Read more.

Source: Cetus Capital Acquisition Prices M IPO