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Maxpro Capital Acquisition Corp. Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option

Taipei City – (NewMediaWire) – October 13, 2021 – Maxpro Capital Acquisition Corp. (the “Company”), a Taiwan based SPAC, today

announced the closing of its initial public offering (the “Offering”) of 9,000,000

units at $10.00 per unit. Each unit consists of one share of Class A common

stock and one redeemable warrant. The underwriters exercised their

over-allotment option in full for an additional 1,350,000 units at the time of

the closing of the Offering. As a result, the aggregate gross proceeds of the

Offering, including the over-allotment, is approximately $103.5 million, prior

to deducting underwriting discounts, commissions, and other Offering expenses.

The

Company is a blank check company formed for the purpose of effecting a merger,

capital stock exchange, asset acquisition, stock purchase, reorganization or

similar business combination with one or more businesses. While the Company may

pursue an initial business combination target in any business or industry, it intends

to focus on industries that complement its management team’s background and to

capitalize on the ability of the management team to identify and acquire a

business where the management team has extensive experience. Sectors the Company

plans on exploring include, but are not limited to, the healthcare and

technology industries, specifically within the biotechnology and pharmaceutical

sectors.

 

The Company

is sponsored by an affiliate of Maxpro Ventures Ltd., a respected Taiwan based

venture capital firm specialized in the healthcare industry.

 

EF

Hutton, division of Benchmark Investments, LLC, acted as sole book running

manager for the offering.

 

The

offering was made only by means of a prospectus. Copies of the prospectus may

be obtained from EF Hutton, division of Benchmark Investments LLC, 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.

 

A

registration statement relating to these securities has been filed with, and

declared effective by, the Securities and Exchange Commission on October 7,

2021.  This press release shall not constitute an offer to sell or the

solicitation of an offer to buy, nor shall there be any sale of these

securities in any state or jurisdiction in which such an offer, solicitation or

sale would be unlawful prior to registration or qualification under the

securities laws of any such state or jurisdiction.

 

FORWARD-LOOKING

STATEMENTS

 

This

press release contains statements that constitute “forward-looking statements,”

including with respect to the initial public offering and the anticipated use

of the net proceeds. No assurance can be given that the offering discussed

above will be completed on the terms described, or at all, or that the net

proceeds of the offering will be used as indicated. Forward-looking statements

are subject to numerous conditions, many of which are beyond the control of the

Company, including those set forth in the Risk Factors section of the Company’s

registration statement and preliminary prospectus for the offering filed with

the Securities and Exchange Commission (“SEC”). Copies are available on the

SEC’s website, www.sec.gov. The Company undertakes no obligation to update

these statements for revisions or changes after the date of this release,

except as required by law.

 

Contact

 

Maxpro Capital

Acquisition Corp.

5/F-4, No. 89

Songren Road, Xinyi

District

Taipei City 11073

Attn: Moses Chen

Chief Executive Officer

m.chen@maxproventures.com

+886 2 7713

7952

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