Crypto 1 Acquisition Corp concludes $230 million Initial Public Offering
ambcrypto.comCrypto 1 Acquisition Corp announced the closing of its initial public offering in a release. The company stated that it includes the exercise of the over-allotment option, while the offering was put at $10.00 per unit. It resulted in the sale of an aggregate of 23,000,000 units in gross proceeds of $230,000,000.
As per the release, the Company’s units began trading on the Nasdaq Global Market under “DAOOU” on 7 December, 2021.
The unit offering consists of one Class A ordinary share and three-quarters of one redeemable warrant. The release specifies that only whole warrants are exercisable and will trade. The company has now built a corpus of $231,150,000, which includes prior private placement and is allocated in the Company’s trust account.
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