WestPark Capital, Inc., a full-service investment bank and securities broker-dealer, today announced the completion of an Initial Public Offering for Prime Number Acquisition I Corp. a newly organized blank check company incorporated as a Delaware corporation. The IPO consisted of 6,450,000 units at an offering price of $10.00 per unit, which includes 450,000 units issued pursuant to the partial exercise of the underwriter's over-allotment option, for aggregate gross proceeds to the Company of $64,500,000. Each unit consists of one share of Class A Common Stock, one-half of one redeemable warrant, and one right. Each whole warrant entitles the holder thereof to purchase one share of Class A Common Stock, and each eight rights entitle the holder thereof to receive one share of Class A Common Stock upon consummation of an initial business combination. The exercise price of the warrants is $11.50 per full share. The units began trading on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "PNACU" on May 13, 2022.
WestPark Capital Announces Closing of $64.5 Million Initial Public Offering for Prime Number Acquisition I Corp. (Nasdaq:PNACU)
May 18, 2022
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