Pacifico Acquisition Corp. Announces Pricing of $50 Million Initial Public Offering
September 13, 2021
NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Pacifico Acquisition Corp. (NASDAQ: PAFOU, the "Company") announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The units will be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "PAFOU" beginning tomorrow, September 14, 2021. Each unit consists of one share of common stock and one right to receive one-tenth (1/10) of a share of common stock upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the common stock and rights will be listed on NASDAQ under the symbols "PAFO" and "PAFOR," respectively.
The underwriters have been granted a 45-day option to purchase up to an additional 750,000 units offered by the Company to cover over-allotments, if any.
The offering is expected to close on September 16, 2021, subject to customary closing conditions.
Chardan acted as the sole book-running manager in the offering.
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