Pacifico Acquisition Corp. Announces Pricing of $50 Million Initial Public Offering
September 13 2021 - 7:57PM
Pacifico Acquisition Corp. (NASDAQ: PAFOU, the "Company") announced
today that it priced its initial public offering of 5,000,000 units
at $10.00 per unit. The units will be listed on The NASDAQ Capital
Market ("NASDAQ") and trade under the ticker symbol "PAFOU"
beginning tomorrow, September 14, 2021. Each unit consists of one
share of common stock and one right to receive one-tenth (1/10) of
a share of common stock upon the consummation of an initial
business combination. Once the securities comprising the units
begin separate trading, the common stock and rights will be listed
on NASDAQ under the symbols "PAFO" and "PAFOR," respectively.
The underwriters have been granted a 45-day
option to purchase up to an additional 750,000 units offered by the
Company to cover over-allotments, if any.
The offering is expected to close on September
16, 2021, subject to customary closing conditions.
Chardan acted as the sole book-running manager
in the offering.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on September 13, 2021. The offering is being 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. Copies of the registration statement can be accessed through
the SEC's website at www.sec.gov.
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 Pacifico Acquisition
Corp.
Pacifico Acquisition Corp. is a Delaware
corporation incorporated as a blank check company for the purpose
of entering into a merger, share exchange, asset acquisition, share
purchase, recapitalization, reorganization or similar business
combination with one or more businesses or entities. The Company’s
efforts to identify a prospective target business will not be
limited to a particular industry or geographic region, although the
Company intends to focus on operating businesses in and around the
new energy, biotech, and education industries in Asia (excluding
China).
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.
Edward Cong Wang
Pacifico Acquisition Corp.
(646) 886 8892
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