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Vahanna Tech Edge Acquisition I Corp. has successfully closed its IPO, issuing 20,010,000 units at $10.00 each, including 2,610,000 units from the underwriters' over-allotment option. The units began trading on Nasdaq under the symbol 'VHNAU' on November 23, 2021. Each unit includes one share of Class A ordinary shares and a half warrant, with whole warrants exercisable at $11.50 per share. The company focuses on potential business combinations, particularly targeting firms with strong ties to India and substantial market opportunities in developed regions.
Vahanna Tech Edge Acquisition I Corp. has announced the pricing of its upsized initial public offering of 17,400,000 units, set at $10.00 per unit, scheduled to begin trading on Nasdaq under the ticker symbol VHNAU on November 23, 2021. Each unit includes one Class A ordinary share and one-half redeemable warrant, with full warrants exercisable at $11.50 per share. The offering is expected to close on November 26, 2021. A 45-day option is granted to underwriters to purchase an additional 2,610,000 units for over-allotments.