Arisz Acquisition Corp. Announces Closing of $60 Million Initial Public Offering
23 November 2021 - 5:04AM
Arisz Acquisition Corp. (“ARIZ”) announced today the closing of its
initial public offering of 6,000,000 units. The units were sold at
a price of $10.00 per unit, resulting in total gross proceeds of
$60,000,000, prior to deducting underwriting discounts,
commissions, and other offering expenses. Each unit consists of one
share of common stock, one right to receive one-twentieth (1/20) of
one share of common stock upon the consummation of an initial
business combination, and one redeemable warrant to purchase
three-fourths (3/4) of one share of common stock at a price of
$11.50 per whole share.
The units began trading on The Nasdaq Global Market (“NASDAQ”)
under the ticker symbol “ARIZU” on November 18, 2021. After the
securities comprising the units begin separate trading, the shares
of common stock, rights and warrants are expected to be listed on
NASDAQ under the symbols “ARIZ,” “ARIZR” and “ARIZW,”
respectively.
Chardan acted as sole book-running manager of the offering. ARIZ
has granted the underwriters a 45-day option to purchase up to an
additional 900,000 units at the initial public offering price to
cover over-allotments, if any.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on November 17, 2021. This press release shall not
constitute an offer to sell or the 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.
The offering was made only by means of a prospectus, copies of
which may be obtained by contacting Chardan, 17 State Street, 21st
Floor, New York, New York 10004, or by calling (646) 465-9001.
Copies of the registration statement can be accessed through the
SEC’s website at www.sec.gov.
About Arisz
Acquisition Corp.
ARIZ is led by founder Echo Hindle-Yang (CEO). ARIZ is a blank
check company formed for the purpose of effecting a merger, stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. Although
there is no restriction or limitation on what industry or
geographic region ARIZ’s target operates in, ARIZ intends to pursue
targets in the healthcare industry. The proceeds of the offering
will be used to fund such business combination.
Cautionary Note Concerning 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 with respect to the initial public offering,
the anticipated use of the proceeds thereof, and the Company’s
search for an initial business combination, are subject to risks
and uncertainties, which could cause actual results to differ from
the forward-looking statements. ARIZ 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 ARIZ’s expectations with respect thereto or
any change in events, conditions or circumstances on which any
statement is based.
ARIZ Contact:
Echo Hindle-YangChief Executive OfficerArisz Acquisition
Corp.+1212-845-9945hindleyang@ariszacquisition.com
Arisz Acquisition (NASDAQ:ARIZU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Arisz Acquisition (NASDAQ:ARIZU)
Historical Stock Chart
From Apr 2023 to Apr 2024