Chardan is bookrunner; Maxim Group and I-Bankers Securities assist
By Devika Patel
Knoxville, Tenn., Sept. 14 – M I Acquisitions, Inc. said it priced its $50 million initial public offering of units with a $7.5 million greenshoe.
The company will sell 5 million units of one common share and one warrant at $10.00 per unit.
The warrants are each exercisable at $11.50.
Chardan is the bookrunner.
The New York-based blank check company intends to list its units on the Nasdaq under the symbol “MACQU.”
Issuer: | M I Acquisitions, Inc.
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Issue: | Units of one common share and one warrant
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Amount: | $50 million
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Greenshoe: | $7.5 million, or 750,000 units
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Units: | 5 million
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Price: | $10.00
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Warrants: | One warrant per unit
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Warrant strike price: | $11.50
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Bookrunner: | Chardan
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Co-managers: | Maxim Group LLC and I-Bankers Securities, Inc.
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Pricing date: | Sept. 14
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Settlement date: | Sept. 14
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Stock symbol: | Nasdaq: MACQU
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