Aimei Health Technology Co., Ltd Announces Pricing of $60 Million Initial Public Offering
December 01 2023 - 4:28PM
Aimei Health Technology Co., Ltd (NASDAQ: AFJKU, the
"Company") announced today that it priced its initial public
offering of 6,000,000 units at $10.00 per unit. The units
are expected to be listed on The NASDAQ Global Market ("NASDAQ")
and trade under the ticker symbol "AFJKU" beginning December 4,
2023. Each unit consists of one ordinary share and one right. Each
right entitles the holder thereof to receive one-fifth (1/5) of one
ordinary share upon the consummation of an initial business
combination. No fractional rights will be issued upon separation of
the units. As a result, 5 rights are needed to receive one ordinary
share at the closing of the initial business combination. Once the
securities comprising the units begin separate trading, the common
stock and rights are expected to be listed on NASDAQ under the
symbols "AFJK" and "AFJKR", respectively.
The underwriters have been granted a 45-day
option to purchase up to an additional 900,000 units offered by the
Company to cover over-allotments, if any.
The offering is expected to close
on December 6, 2023, subject to customary closing
conditions.
Spartan Capital Securities, LLC acted as sole
book running manager in the offering. Loeb & Loeb LLP is
serving as legal counsel to the Company. Hunter, Taubman Fischer
& Li LLC is serving as legal counsel to Spartan Capital
Securities, LLC.
ARC Group Limited acted as financial advisor to the Company.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on November 30, 2023. The offering is being made
only by means of a prospectus, copies of which may be obtained by
contacting Spartan Capital Securities, LLC, 45 Broadway, 19th
Floor, New York, NY 10006. Copies of the registration statement can
be accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, 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.
About Aimei Health Technology Co., Ltd
Aimei Health Technology Co., Ltd is a blank
check company newly incorporated as a Cayman Islands exempted
company with limited liability for the purpose of entering into a
merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization or similar business combination
with one or more businesses or entities. The Company's efforts to
identify a prospective target business will not be limited to a
particular industry or geographic region, although it is the
Company’s intention to pursue prospective targets that are focused
on healthcare innovation.
Forward-Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ from the forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Contact:Juan Fernandez PascualAimei Health Technology Co., Ltd10
East 53rd Street, Suite 3001New York, NY 10022
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