other material
confidence high
sentiment neutral
materiality 0.35
United Acquisition Corp. I adds $1.823M to trust via over-allotment exercise
United Acquisition Corp. I
- Sold 182,300 additional units at $10 each, gross proceeds $1.823M added to trust account.
- Sponsor and underwriters purchased 2,280 Private Placement Units ($22,800) and 6,060 Private Placement Warrants ($4,545).
- Trust account now holds $101.823M (up from $100M) after these transactions.
- Underwriters retain option to purchase remaining 1,317,700 units over 45 days.
- Partial exercise releases 60,767 Founder Shares from forfeiture condition.