Welcome to our dedicated page for Mars Acquisition news (Ticker: MARXU), a resource for investors and traders seeking the latest updates and insights on Mars Acquisition stock.
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Mars Acquisition Corp. (Nasdaq:MARXU) announced the closing of its initial public offering (IPO) on February 16, 2023, raising $69 million from the sale of 6,900,000 units at $10.00 each. The offering included 900,000 units from the exercise of the underwriter's over-allotment option. Each unit is composed of one ordinary share and one right. Trading commenced on Nasdaq under the ticker symbol 'MARXU' on February 14, 2023. The offering was managed by Maxim Group LLC, with the registration statement declared effective by the SEC on February 13, 2023. This issuance marks a significant step for the company in seeking merger or acquisition opportunities.
