PowerUp Acquisition Corp. Announces Closing of $287,500,000 Initial Public Offering Including Full Exercise of Over-Allotment Option

Author's Avatar
Feb 23, 2022

PowerUp Acquisition Corp. (the “Company”), a newly incorporated blank check company, announced today the closing of its initial public offering of 28,750,000 units, including 3,750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $287,500,000.