other material
confidence high
sentiment neutral
materiality 0.75
Valuence Merger Corp. I prices $200M IPO at $10/unit; lists on Nasdaq
Valuence Merger Corp. I
- Sold 20M units at $10/unit; total gross proceeds $200M; each unit = 1 Class A share + 1/2 redeemable warrant.
- Over-allotment option of up to 3M additional units (45-day).
- Units to trade on Nasdaq under 'VMCAU'; shares 'VMCA'; warrants 'VMCAW'.
- Simultaneously completed private sale of 6.93M private placement warrants for $10.4M to sponsor.
- Proceeds placed in trust account: ~$226.7M from IPO and private placement.