Hainan Manaslu Acquisition Corp. Announces Pricing of $60.0 Million Initial Public Offering
August 10 2022 - 5:22PM
Hainan Manaslu Acquisition Corp. (Nasdaq: HMACU) (“the “Company”),
a Cayman Islands exempted 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 or entities, today announced the pricing of its
initial public offering (“IPO”) of 6,000,000 units at a price of
$10.00 per unit. The units are expected to be listed on The
Nasdaq Global Market (“Nasdaq”) under the symbol “HMACU” beginning
August 11, 2022. Each unit to be issued in the IPO will consist of
one ordinary share, one redeemable warrant and one right. Each
warrant entitles the holder thereof to purchase one ordinary share
at an exercise price of $11.50 per share. Each right entitles the
holder thereof to receive one-tenth of one ordinary share upon the
consummation of the Company’s initial business combination. Once
the securities comprising the units begin separate trading, the
ordinary shares warrants and rights are expected to be traded on
Nasdaq under the symbols “HMAC,” “HMACW” and “HMACR,”
respectively.
Ladenburg Thalmann & Co. Inc. is acting as
sole book-running manager for the IPO. The Company has granted the
underwriters a 45-day option to purchase up to 900,000 additional
units at the initial public offering price to cover
over-allotments, if any.
A registration statement relating to the
securities was declared effective by the SEC on August 10, 2022.
The offering is being made only by means of a prospectus, copies of
which may be obtained, when available, by contacting
Ladenburg Thalmann & Co. Inc., Attn: Syndicate Department, 640
Fifth Ave, 4th Floor, New York, NY 10019, or by emailing
prospectus@ladenburg.com (telephone number 1-800-573-2541). 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 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 HAINAN MANASLU ACQUISITION
CORP.
Hainan Manaslu Acquisition Corp. is a blank
check company, also commonly referred to as a special purpose
acquisition company, or SPAC, formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization, or similar business combination with one or more
businesses or entities. While the Company may pursue an initial
business combination opportunity in any business, industry, sector
or geographical location, the Company intends to focus on
industries that complement its management team’s background, and to
capitalize on the ability of its management team and advisor to
identify and acquire a business. However, the Company will not
consummate an initial business combination with an entity or
business with China operations consolidated through a variable
interest entity structure.
FORWARD LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the proposed IPO and the anticipated use of the net proceeds. No
assurance can be given that the IPO will be completed on the terms
described, or at all, or 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 and preliminary prospectus for
the Company's offering filed with the Securities and Exchange
Commission (“SEC”). Copies of the Company’s registration statement
and preliminary prospectus 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 press release, except as required by law.
CONTACT:
Hainan Manaslu Acquisition Corp.
B3406, 34F, West Tower, Block B Guorui Building,
11 Guoxing Avenue Haikou, Hainan Province, People’s Republic of
China 570203 Wenyi Shen, CFOTel: +86-898-65315786Email:
woody.shen@imanaslu.com
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