secwatch.observer — SEC 8-K summary
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Issuer:     99 Acquisition Group Inc. (—)
CIK:        0001950429
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001213900-23-070338
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

99 Acquisition Group prices $75M IPO of 7.5M units at $10/unit; Nasdaq listing under NNAGU
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- Gross proceeds of $75M from 7.5M units; each unit has 1 share Class A, 1 warrant ($11.50 strike), 1 right (1/5 share).
- Private placement of 2,865,500 warrants to sponsor 99 Acquisition Sponsor LLC for $2,865,500.
- SPAC targeting real estate businesses with enterprise value $75M to $150M; led by CEO Hiren Patel.
- Underwriter EF Hutton (sole book-runner) has 45-day option for up to 1,125,000 additional units.
- $75,750,000 net proceeds deposited in trust account for benefit of public stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1950429/000121390023070338/0001213900-23-070338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1950429/000121390023070338/ea184125-8k_99acquisition.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-070338

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer