Three Lions Acquisition Prices $100 Million Initial Public Offering
MT Newswires Live
Yesterday
Three Lions Acquisition (TLAC) priced its initial public offering of 10 million units at $10 each, the blank-check company said late Monday.
Each unit consists of one ordinary share and one-half of a warrant, with each whole warrant exercisable at $11.50 per share.
The IPO's sole book-running manager, EarlyBirdCapital, has a 45-day overallotment option to purchase up to 1.5 million additional units.
Three Lions expects its units to begin trading Tuesday on the Nasdaq Global Market under the ticker TLACU. The underlying securities will later trade separately under TLAC for stock and TLACW for warrants, the company said.
The IPO is expected to close by Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.