other material
confidence high
sentiment neutral
materiality 0.75
A SPAC III Acquisition Corp. closes $55M IPO; trust funded with $55M
ASPAC III Acquisition Corp.
- Sold 5,500,000 units at $10.00/unit, raising $55,000,000 gross proceeds.
- Net proceeds of $55,000,000 deposited into trust account for public shareholders.
- Sponsor purchased 280,000 private units at $10.00/unit for $2,800,000.
- Underwriting agreement with Maxim Group and other standard SPAC agreements executed.
- Amended and Restated Memorandum and Articles of Association filed with BVI registry.