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SOAR Technology Acquisition Corp. has announced the pricing of its initial public offering (IPO) of 20 million units at $10.00 per unit, set to commence trading on the NYSE under the symbol 'FLYA.U' from September 16, 2021. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, allowing the purchase of one Class A share at $11.50. The offering is expected to close on September 20, 2021, subject to customary conditions. The company is backed by J.P. Morgan, RBC Capital, and BTIG, with an option for underwriters to purchase an additional 3 million units.
