other material
confidence high
sentiment neutral
materiality 0.50
Westin Acquisition Corp completes $57.5M IPO and $2.35M private placement
Westin Acquisition Corp
- IPO of 5,750,000 units at $10/unit (incl. full over-allotment) raised $57.5M gross; sponsor bought 235,000 private units for $2.35M.
- $57.5M net proceeds deposited in trust account; trust cash $57.5M; total assets $58.14M as of Nov 5, 2025.
- Class A shares subject to possible redemption of $49.63M; shareholders' equity $5.76M; working capital $192,995.
- Company must complete business combination within 18 months (by May 5, 2027) or liquidate; going concern doubt noted.