other material
confidence high
sentiment neutral
materiality 0.50
SPAC Charlton Aria closes partial over-allotment; trust now ~$85.2M
Charlton Aria Acquisition Corp
- Underwriter exercised over-allotment for 1M units at $10 each, adding $10M gross proceeds.
- Sponsor purchased 15,000 additional Private Units for $150K.
- Total IPO units sold rise to 8.5M; gross proceeds reach $85M.
- Pro forma trust account balance is $85,212,500 as of Oct 25, 2024, adjusted for Nov 19 closing.
- Underwriter retains option to purchase up to 125,000 additional units.