Oak Woods Acquisition Prices $50M IPO

Oak Woods Acquisition priced its initial public offering of 5 million units at $10 each. The units began trading today under symbol OAKUU. Each unit consists of Class A share, a warrant and one right to receive one-sixth of a share when the SPAC closes a merger.

Once the securities begin separate trading, shares, rights and will list under the symbols OAKUO, OAKUR and OAKUW, respectively.

EF Hutton is the sole book running manager for the offering. 

Oak Woods intends to target high-growth technology companies in the Asia-pacific region that are engaging in the public and private , medical services and technology-enabled healthcare services sectors.

The SPAC is led by CEO, Chairman and Director Lixin Zheng, who is also serving as CFO. Zheng was a financial director and the CFO for Ajisen (China) Holdings Co., Ltd. in Hong Kong from November 2006 to November 2008, one of the leading fast casual restaurant chain operators in Asia. Read more.

Source: Oak Woods Acquisition Prices M IPO