(MENAFN – GlobeNewsWire – Nasdaq )GLOBE NEWSWIRE, February 08, 2021 (GLOBE NEWSWIRE) —NEW YORK, February 08, 2021 (GLOBE NEWSWIRE) — Venus Acquisition Corporation (NASDAQ: VENAU), a Cayman Island group, announced today that its initial public offering (IPO) of 4,000,000 units was priced at $10.00 per share.
Beginning Tuesday, February 09, 2021, the Company’s units are scheduled to be listed on NASDAQ VENAR(“NASDAQ”) at https://www.webull.com/quote/nasdaq-venar and trade under the ticker symbol “VENAU.” One ordinary share, one right to obtain one-tenth (1/10) of an ordinary share, and one redeemable warrant to purchase one-half of an ordinary share at an exercise price of $11.50 per whole share make up each band. The underlying securities do not trade on their own. The stock, rights, and warrants that make up the units are required to be listed on NASDAQ under the symbols VENAR, VENA and VENAW, respectively, until the securities that makeups the units begin separate trading.
Ladenburg Thalmann& Co. Inc. is the lead left bookrunner and underwriters’ agent in the offering, with Brookline Capital Markets, a subsidiary of Arcadia Securities, LLC joint book-runner. The underwriters have been given a 30-day option to buy up to 600,000 additional units sold by the Company to cover any possible over-allotments.
Subject to customary closing conditions, the offering is scheduled to close on Thursday, February 11, 2021.
Venus Acquisition Corporation is a company that specializes in acquisitions.
Venus Acquisition Corporation is a newly established blank check company incorporated under the laws of the Cayman Islands to effect a mixture, capital stock switch, asset achievement, stock purchase, reorganization, or similar business combination with one or more companies. The Company’s quest for a potential target business will not be limited to a specific sector or geographical area.
The Securities and Exchange Commission declared these securities’ registration statements effective on February 08, 2021. The offering will be made solely via a prospectus, which can be accessed by writing to Ladenburg Thalmann& Co., Inc. at 640 Fifth Avenue, 4th Floor, New York, NY 10019 email them. The SEC’s website, www.sec.gov, has copies of the registration statement available.
This mediaannouncement does not establishasuggestion to vend or beseech of anproposal to buy these safeties, nor does it constitute a sale of these safeties in any state or authority where such offer, beseech, or sale would be illegitimate before registration or qualification under the securities laws of that state or jurisdiction.
Statements that are made in the future
This news release contains forward-looking statements that are subject to risk and uncertainty. Statements that are not historical facts are known as forward-looking statements. These forward-looking statements, including the successful completion of the Company’s initial public offering, are subject to risks and uncertainties that may cause actual results to vary from those projected. The Company specifically disclaims any duty or commitment to publicly announce any updates or revisions to any forward-looking statements made herein to reflect any change in the company’s potentials or any change in actions, circumstances, or situations in which any statement is based. You can find more stocks like nasdaq goog at https://www.webull.com/quote/nasdaq-goog.