Authentic Equity Acquisition Corp. (Nasdaq: AEACU) announced that, starting March 8, 2021, holders of its initial public offering units can separately trade Class A ordinary shares and warrants. The initial offering of 23,000,000 units occurred on January 20, 2021, and units not separated will continue trading under the symbol 'AEACU' on Nasdaq. The company is formed to pursue mergers and acquisitions across various consumer product sectors. Jefferies LLC and BMO Capital Markets acted as underwriters for the offering, which was effective January 14, 2021.
Authentic Equity Acquisition Corp. has successfully closed its initial public offering, raising $230 million through the sale of 20 million units at $10.00 each, along with an additional 3 million units via an over-allotment option. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. The gross proceeds will support the company's acquisition strategy focused on various consumer product sectors. The units are listed on the Nasdaq under the symbol AEACU.
Authentic Equity Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, raising $200 million. The IPO includes 20 million units which will be traded on Nasdaq under the symbol 'AEACU' starting January 15, 2021. Each unit comprises one Class A ordinary share and a half warrant, with full warrants priced at $11.50 per share. The offering is anticipated to close by January 20, 2021, pending customary conditions. The company plans to target a broad range of consumer products for future acquisitions.