Hunter Maritime Acquisition has announced its initial public offering (IPO) with 15[ds_preview] mill. units at a price of 10.00 $ per unit. This new special purpose acquisition company (SPAC) is expected to be listed on the NASDAQ Capital Market. Each unit consists of one Class A common share of the company and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one Class A common share of the company. It will grant the underwriters a 45-day option to purchase up to 2.25 mill. additional units. Morgan Stanley is acting as sole book-running manager for the offering. I-Bankers Securities, Inc. and KBC Securities USA, Inc. are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. Hunter Maritime Acquisition is a blank cheque company formed by Belgium’s Saverys family less than a year after delisting CMB (Compagnie Maritime Belge) in Belgium.
