Charlton Aria Acquisition Corporation Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering
November 19 2024 - 3:30PM
Charlton Aria Acquisition Corporation (Nasdaq: CHARU), a Cayman
Islands exempted company (the “Company”) today announced that it
closed the sale of an additional 1,000,000 units of the Company,
pursuant to the partial exercise of the underwriter’s
over-allotment option granted in connection with the Company’s
initial public offering (together with the over-allotment closing,
the “Offering”), at the price of $10 per unit, resulting in
additional gross proceeds of approximately $10,000,000. The
underwriter has a remaining option to purchase up to 125,000
additional units.
After giving effect to this partial exercise of the
over-allotment option, the total number of units sold in the
Offering increased to 8,500,000 units, resulting in total gross
proceeds of $85,000,000, before deducting underwriting discounts
and estimated offering expenses.
Each unit of the Company consists of one Class A ordinary share,
par value $0.0001 per share (“Class A ordinary Share”) and one
right (“Right”). Each Right entitles the holder to receive
one-eighth of one Class A Ordinary Share at the closing of the
initial business combination of the Company. Once the securities
comprising the units begin separate trading, the Class A Ordinary
Shares and Rights are expected to be listed on Nasdaq under the
symbols "CHAR" and "CHARR", respectively.
Clear Street acted as the sole book-running manager in the
offering.
Robinson & Cole LLP served as legal counsel to the Company.
Winston & Strawn LLP served as legal counsel to Clear
Street.
The offering was made only by means of a prospectus, copies of
which may be obtained from Clear Street, Attn: Syndicate
Department, 150 Greenwich Street, 45th floor, New York, NY 10007,
or by email at ecm@clearstreet.io.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission
("SEC") on October 24, 2024.
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 Charlton Aria Acquisition Corporation
Charlton Aria Acquisition Corporation is a blank check company
incorporated in the Cayman Islands as an exempted company with
limited liability for the purpose of effecting into a merger, share
exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination with one or more
businesses or entities. Our efforts to identify a prospective
target business will not be limited to a particular industry or
geographic region.
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. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Registration Statement and related
preliminary prospectus filed in connection with the initial public
offering with the SEC. Copies are available on the SEC's
website, www.sec.gov.
Contact Information:Charlton Aria Acquisition
Corp.
Mr. Robert W. GarnerChairman, Chief Executive Officer, and
Director221 W 9th St #848Wilmington, DE
19801Email: ceo@charltonaria.com
Charlton Aria Acquisition (NASDAQ:CHARR)
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