Edoc Acquisition Corp. Announces Pricing of $90,000,000 Initial Public Offering

Victor, NY, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Edoc Acquisition Corp. (NASDAQ: ADOCU) (the a??Companya??) announced today that it priced its initial public offering of 9,000,000 units at a price to the public of $10.00 per unit. The units are expected to commence trading on November 10, 2020 on the Nasdaq Capital Market under the symbol a??ADOCU.a??Each unit consists of one Class A ordinary share, one right and one redeemable warrant to purchase one-half of one Class A ordinary share. Each right entitles the holder to receive one-tenth of one Class A ordinary share upon the consummation of an initial business combination, and each warrant entitles the holder to purchase one-half of 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, rights and warrants are expected to be traded on the Nasdaq Capital Market under the symbols a??ADOCa??, a??ADOCRa??, and a??ADOCWa??, respectively. Upon consummation of the offering, of the proceeds received from the offering and the concurrent sale of private placement units, $10.17 per unit sold to the public in the offering will be deposited into a trust account.
I-Bankers Securities, Inc. is acting as the sole book-running manager of the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,350,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on or about November 13, 2020, subject to customary closing conditions.The offering is being made only by means of a prospectus. When available, copies of the prospectus related to this offering may be obtained from I-Bankers Securities, Inc. at 535 5th Ave., 4th Floor, New York, NY 10017.A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (a??SECa??) on November 9, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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