secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Acquisition Corp. (RIBB)
CIK:        0002035016
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001213900-25-005031
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ribbon Acquisition Corp completes $50M SPAC IPO, units trade on Nasdaq
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- IPO of 5,000,000 units at $10/unit; gross proceeds $50M. Units listed on Nasdaq Capital Market under ticker RIBBU.
- Private placement of 220,000 units at $10/unit to sponsor Ribbon Investment Company Ltd, raising $2.2M.
- Net proceeds of $50M deposited into trust account with Odyssey Trust Company for benefit of public stockholders.
- Underwriters granted 45-day option to purchase up to 750,000 additional units to cover over-allotments.
- Company led by CEO Angshuman Ghosh; will not pursue business combination with any company based in Greater China.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2035016/000121390025005031/0001213900-25-005031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2035016/000121390025005031/ea0227750-8k_ribbon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-005031

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