SAN FRANCISCO, Feb. 9, 2022 /PRNewswire/ -- Aurora Technology
Acquisition Corp. (the "Company") a newly organized blank check
company incorporated as a Cayman
Islands exempted company and led by Chairman and CEO,
Zachary Wang, Co-vice Chairwoman and
COO, Cathryn Chen, Co-vice Chairman
and CFO, Yida Gao as well as
additional Board Members Max Baucus, Jim
Woolery, Sam Yam,
Alec Hartman, and Paul Asquith, announced today that it closed its
initial public offering of 20,200,000 units, which includes the
partial exercise of the underwriters' over-allotment option. The
units were sold at a price of $10.00
per unit, resulting in total gross proceeds of $202,000,000. Each unit consists of one Class A
ordinary share, one redeemable warrant and one right to receive
one-tenth (1/10) of one class A ordinary share. Each redeemable
warrant entitles the holder thereof to purchase one-half of one
Class A ordinary share at a purchase price of $11.50 per whole share. Each ten (10) rights
entitle the holder thereof to receive one Class A ordinary share at
the closing of a business combination. The units began trading on
the Nasdaq Global Market ("Nasdaq") under the ticker symbol "ATAKU"
on February 7, 2022. After the
securities comprising the units begin separate trading, the Class A
ordinary shares, warrants and rights are expected to be listed on
Nasdaq under the ticker symbols "ATAK," "ATAKW" and "ATAKR,"
respectively.
Maxim Group LLC acted as sole book-running manager of the
offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on February 7, 2022. The
offering has been made only by means of a prospectus. Copies of the
prospectus relating to this offering may be obtained from Maxim
Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, or by accessing the SEC's
website, www.sec.gov.
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.
About Aurora Technology Acquisition Corp.
Aurora Technology Acquisition Corp. is a Cayman Island based
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 in any
industry or geographic location, but intends to focus its search on
high-growth technology companies based in North America and Asia (excluding China). The Company aims to prioritize target
companies founded by Asian or Asian-American entrepreneurs who are
building a global enterprise supported by forward thinking visions
and innovative frontier technologies that include but are not
limited to artificial intelligence, blockchain, quantum computing,
and electric vehicles.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the net proceeds of the offering will
be used as indicated. 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 Company's registration statement for the initial public
offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact Information
Zachary Wang, CEO
Cathryn Chen, COO
Yida Gao, CFO
Email: info@auroraspac.com
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SOURCE Aurora Technology Acquisition Corp.