Mars Acquisition Corp. closes $69M IPO, including full over-allotment; $70.38M placed in trust

Mars Acquisition Corp.

Closed IPO of 6,900,000 units at $10.00/unit, including 900,000 units from full over-allotment exercise.
Gross proceeds of $69,000,000; units trade on Nasdaq under MARXU.
Simultaneous private placement of 391,000 units to sponsor for $3,910,000.
Net proceeds of $70,380,000 deposited into trust account for benefit of public shareholders.
Company is a blank-check SPAC targeting a business combination within 12-18 months.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Mars Acquisition Corp.: Adoption of Amended and Restated Memorandum and Articles of Association (effective 2023-02-13).

Change: charter amendment
Effective: 2023-02-13

Exact text from the filing

On February 13, 2023, the Company adopted its Amended and Restated Memorandum and Articles of Association.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-023263

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