Corporate ActionMay 27, 2026, 05:41 PM
Amanat Acquisition Corp Completes $75M IPO and $3M Private Placement
AI Summary
Amanat Acquisition Corp. announced the completion of its initial public offering (IPO) of 7,500,000 Class A ordinary shares at $10.00 per share, generating $75,000,000. Simultaneously, it completed a private placement of 300,000 Class A ordinary shares to Amanat Sponsor Holdings LLC for $3,000,000. A total of $75,000,000 from these proceeds, including deferred underwriting fees, was deposited into a trust account for public shareholders. An audited balance sheet as of May 20, 2026, reflecting these transactions, was filed.
Key Highlights
- IPO of 7,500,000 Class A ordinary shares at $10.00 per share.
- IPO generated gross proceeds of $75,000,000.
- Private placement of 300,000 Class A ordinary shares for $3,000,000.
- $75,000,000 deposited into trust account for public shareholders.
- Underwriters hold 45-day over-allotment option for 1,125,000 additional shares.
- Deferred underwriting fee payable is $2,250,000.
- Total assets as of May 20, 2026, were $77,227,475.
Price Impact
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