Corporate ActionJul 23, 2026, 05:55 PM
MTAK Prices IPO of 20M Units at $10.00 Each; Nasdaq Listing MTAKU
AI Summary
Market Technology Acquisition Corp, a newly organized SPAC, announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants allowing purchase at $11.50 per share. The units are anticipated to begin trading on Nasdaq under the ticker "MTAKU" on July 24, 2026. The company has also granted the underwriter, BTIG, LLC, a 45-day option to purchase up to an additional 3,000,000 units.
Key Highlights
- Priced initial public offering of 20,000,000 units.
- Offering price set at $10.00 per unit.
- Each unit includes one Class A ordinary share and one-half of one redeemable warrant.
- Warrants entitle holder to purchase one Class A ordinary share at $11.50.
- Units expected to trade on Nasdaq under "MTAKU" starting July 24, 2026.
- Granted underwriter 45-day option for up to 3,000,000 additional units.
- Offering expected to close on July 27, 2026.
Price Impact
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