Rhea-AI Summary
EJF Acquisition Corp. announced its initial public offering (IPO) pricing of 25,000,000 units at $10.00 each, set to trade on Nasdaq under the ticker symbol EJFAU from February 25, 2021. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with warrants purchasable at $11.50 per share. The IPO is expected to close on March 1, 2021, with underwriters granted a 45-day option for an additional 3,750,000 units. EJF aims to pursue mergers in the financial services sector, focusing on innovative companies.
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