Deal sells shares through EarlyBirdCapital with $7.2 million greenshoe
By Devika Patel
Knoxville, Tenn., May 20 - MedWorth Acquisition Corp. priced its $48 million initial public offering of stock with a $7.2 million greenshoe in an S-1 filed Monday with the Securities and Exchange Commission. It expects the shares to trade on the Nasdaq under "MWRX."
The company will sell 6 million common shares at $8.00 per share on a firm commitment basis.
EarlyBirdCapital, Inc. is the underwriter.
Proceeds will be used for fees, expenses, working capital and general corporate purposes.
The blank check company is based in Miami.
| Issuer: | MedWorth Acquisition Corp.
|
| Issue: | Common stock
|
| Amount: | $48 million
|
| Greenshoe: | $7.2 million
|
| Shares: | 6 million
|
| Price: | $8.00
|
| Warrants: | No
|
| Underwriter: | EarlyBirdCapital, Inc.
|
| Pricing date: | May 20
|
| Stock exchange: | Nasdaq: MWRX
|
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