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Maxpro Capital Acquisition Corp. Announces Pricing of $90,000,000 Initial Public Offering

Taipei City – (NewMediaWire) – October 7, 2021 – Maxpro Capital Acquisition Corp. (the “Company”), a Taiwan based SPAC, announced

today that it priced its initial public offering of $90 million, consisting of 9,000,000

units at $10.00 per unit. The units will be listed on the Nasdaq Global Market

(“Nasdaq”) and will begin trading tomorrow, Friday, October 8th,

2021, under the ticker symbol “JMACU”. Each unit consists of one share of the

Company’s Class A common stock and one redeemable warrant entitling the holder

thereof to purchase one share of Class A common stock at a price of $11.50 per

share. Only whole warrants are exercisable. Once the securities comprising the

units begin separate trading, the shares of Class A common stock and warrants

are expected to be listed on Nasdaq under the symbols “JMAC” and “JMACW,”

respectively.

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, is acting as sole book running

manager for the offering. The Company has granted the underwriter a 45-day

option to purchase up to an additional 1,350,000 units at the initial public

offering price to cover over-allotments, if any.

 

The

offering is being made only by means of a prospectus. Copies of the prospectus

may be obtained, when available, 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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