InvestorNewsBreaks — Quetta Acquisition Corporation (NASDAQ: QETAU) Closes on $69M Initial Public Offering

October 13, 2023 14:07:43

Quetta Acquisition (NASDAQ: QETAU), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, has closed its initial public offering. The offering consisted of 6,900,000 units at $10 per unit, including 900,000 units offered by Quetta to cover overallotments; those were fully exercised by the underwriters of the offering. According to the announcement, each unit consists of one share of common stock and one-tenth of one right to receive one share of common stock upon the completion of an initial business combination. The units began trading on Oct. 6, 2023, on the NASDAQ market under the ticker QETAR; the company anticipates the common stock and rights will be listed on NASDAQ under the symbols QETA and QETAR, respectively, when the securities begin separate trading. EF Hutton, division of Benchmark Investments LLC acted as sole book running manager in the offering.

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About Quetta Acquisition Corporation

Quetta Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although Quetta intends to prioritize the evaluation of businesses in Asia (excluding China, Hong Kong and Macau) that operate in the financial technology sector.

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