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Malacca Straits Acquisition prices $125M IPO (Pending:MLACU)

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Malacca Straits Acquisition Company (MLACU) has priced its initial public offering of 12.5M units at $10/unit, which will kick off trading today on The Nasdaq Capital Market.

Each unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50/share.

Underwriters’ over-allotment is an additional 1.875M units.

Closing date is July 17, 2020.

Press release

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