SINGAPORE, Feb. 15, 2022 /PRNewswire/ -- A SPAC I Acquisition Corp. (NASDAQ: ASCA) ("A SPAC I Acquisition Corp." or the "Company") announced the pricing of its initial public offering of 6,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "ASCA" beginning February 15, 2022. Each unit consists of one Class A ordinary share, three-fourths of one redeemable warrant, and one right to receive one-tenth of one Class A ordinary share upon the consummation of the Company's initial business combination.  Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares, warrants and rights are expected to be traded on the NASDAQ under the symbols "ASCA," "ASCAW," and "ASCAR," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Chardan is acting as sole book running manager in the offering.

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