Swiftmerge Acquisition Corp. closes IPO of 20M units at $10.00; $202M placed in trust

AleAnna, Inc.

IPO of 20,000,000 units at $10.00 per unit raised $200M gross; trust receives $202M including private placement.
Private placement of 8,600,000 warrants at $1.00 each to Sponsor and anchor investors generates $8.6M.
Trust account of $202M held at Continental Stock Transfer; funds only released upon business combination or liquidation.
Company must complete initial business combination within 18 months (by June 2023) or redeem public shares.
Balance sheet as of Dec 17, 2021 shows $2.57M cash outside trust, $204.6M total assets, and $202M temporary equity.

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