NEW YORK, Oct. 27, 2020 /PRNewswire/ -- Mallard Acquisition
Corp. (NASDAQ: MACUU, the "Company") announced today that it priced
its initial public offering of 11,000,000 units at $10.00 per unit. The units are expected to be
listed on The NASDAQ Capital Market ("NASDAQ") and trade under the
ticker symbol "MACUU" beginning today. Each unit consists of one
share of common stock and one redeemable warrant to purchase one
half share of common stock at $11.50
per whole share. Once the securities comprising the units begin
separate trading, the common stock and warrants are expected to be
listed on the NASDAQ under the symbols "MACU" and "MACUW"
respectively.
The offering is expected to close on October 29, 2020, subject to customary closing
conditions.
Chardan acted as sole book running manager in the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
October 27, 2020. The offering is
being made only by means of a prospectus, copies of which may be
obtained, when available, by contacting Chardan, 17 State Street,
21st Floor, New York, New York
10004.
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 Mallard Acquisition Corp.
Mallard Acquisition Corp. is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. Mallard Acquisition Corp.
intends to focus its search for a target business in the
value-added distribution, industrial specialty services, and
differentiated manufacturing sectors.
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, including the successful consummation of the Company's
initial public offering, 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:
P. Jeffrey Leck
Chief Executive Officer, President and Director
Jeff@MallardSPAC.com
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SOURCE Mallard Acquisition Corp.
