Austin, Texas, June 09, 2022 (GLOBE NEWSWIRE) — Acri Capital Acquisition Corporation (the “Company”), a newly organized blank check company incorporated as a Delaware corporation, today announced the pricing of its offering initial public offering of 7,500,000 units at an offering price of $10.00 per unit, each unit consisting of one Class A common share and one-half redeemable warrant. Each whole warrant will entitle its holder to purchase one Class A common share. The exercise price of the warrants is $11.50 per whole share. The units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “ACACU” beginning June 10, 2022. Once the securities comprising the units begin trading separately, the Class A common shares and the Warrants will trade on Nasdaq under the symbols “ACAC” and “ACACW”, respectively. No fractional warrants will be issued upon separation of units and only whole warrants will be exchanged. The offering is expected to close on June 14, 2022, subject to customary closing conditions.
EF Hutton, a division of Benchmark Investments, LLC, is acting as the sole bookrunner and underwriters’ representative for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,125,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement on Form S-1 (File No. 333-263477) relating to the securities for sale in the initial public offering has been declared effective by the United States Securities and Exchange Commission (the “SEC ”) on June 9, 2022. The offering is being made solely by means of a prospectus. When available, copies of the prospectus relating to this IPO may be obtained from EF Hutton, 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, or by visiting EDGAR on the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.
About Acri Capital Acquisition Corporation
Acri Capital Acquisition Corporation is a blank check corporation, also commonly referred to as a special purpose acquisition company, or SPAC, incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, shares, reorganization or similar business combination with one or more businesses with one or more businesses or entities, provided that it does not undertake its initial business combination with an entity based on or having the majority of its operations in China (including Hong Kong and Macao).
Forward-looking statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering (“IPO”) of the Company and the search for an initial business combination. No guarantee can be given that the offer described above will be carried out on the terms described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Acri Capital Acquisition Corporation, including those set forth in the Risk Factors section of Acri Capital Acquisition Corporation’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Acri Capital Acquisition Corporation undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact: Acri Capital Acquisition Corporation Ms. “Joy” Yi Hua, Chairman E-mail: acri.capital@gmail.com
Investor Relations Contact: International Elite Capital Annabelle Zhang Phone: +1(646) 866-7989 Email: acri@iecapitalusa.com
