MTech Acquisition Corp. Announces Pricing of $50 Million Initial Public Offering
30 Janeiro 2018 - 12:24PM
Business Wire
MTech Acquisition Corp. (NASDAQ: MTECU, the “Company” or
“MTech”) announced today that it priced its initial public offering
of 5,000,000 units at $10.00 per unit. The units are expected to be
listed on The NASDAQ Capital Market (“NASDAQ”) and trade under the
ticker symbol “MTECU” beginning January 30, 2018. Each unit
consists of one share of Class A common stock and one warrant, each
warrant exercisable to purchase one share of Class A common stock
at a price of $11.50 per share. Once the securities comprising the
units begin separate trading, the Class A common stock and warrants
are expected to be listed on NASDAQ under the symbols “MTEC” and
“MTECW,” respectively.
The underwriters have been granted a 45-day option to purchase
up to an additional 750,000 units offered by the Company to cover
over-allotments, if any.
The offering is expected to close on February 1, 2018 subject to
customary closing conditions.
EarlyBirdCapital, Inc., acted as sole book-running manager of
the offering.
About MTech
MTech Acquisition Corp. is a blank check company formed for the
purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. The Company’s efforts to identify a prospective target
business will not be limited to a particular industry or geographic
region, although the Company intends to focus its search on
companies ancillary to the cannabis industry, with a particular
sector focus that includes compliance, business intelligence, brand
development and media.
MTech is led by Executive Chairman Steven Van Dyke and Chief
Executive Officer Scott Sozio.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
January 29, 2018. The offering is being made only by means of a
prospectus, copies of which may be obtained by contacting
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New
York, New York 10017. Copies of the registration statement can be
accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any 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 any such state or
jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company’s
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180130005810/en/
MTech Acquisition Corp.Scott Sozioscott@vandykeholdings.com
Mtech Acquisition Corp (MM) (NASDAQ:MTECU)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Mtech Acquisition Corp (MM) (NASDAQ:MTECU)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024