Industrial Tech Acquisitions, Inc. (NASDAQ:ITACU) has priced its projected initial public offering of 7,500,000 at a public price of $10.00 per unit. Each unit issued in the Industrial Tech Acquisitions IPO is equal to one share of Class A common stock and a warrant which allows the its holder a Class A common stock share at an exercise price of $11.50 per share.
Maxim Group LLC has role of sole book-running manager for this IPO. To cover any over-allotments, the Company has also allowed a 45-day option to the underwriters to purchase up to 1,125,000 additional units at the same price of the initial public offering.
The company’s offered units will be listed on The NASDAQ Capital Market on opening of September 9, 2020 market with the symbol of “ITACU”. After the start of units trading as separate securities, company’s Class A common stock shares and warrants will trade on NASDAQ under the symbols “ITAC” and “ITACW”, respectively.
SEC has made a registration statement relating to the securities effective on September 8th, 2020. The company is concluding the offering on the basis of only a prospectus. The company has made the copies of prospectus for the investors via the contact with Maxim Group LLC, 405 Lexington Avenue, New York, New York 10174. While the copies of the registration statement are accessible through the SEC’s website at www.sec.gov.
Industrial Tech Acquisitions, Inc. a blank check company and Special Purpose Acquisition Company SPAC, involved in setting up mergers, share exchange, asset acquisitions, share purchases, reorganizations or similar business combination with one or more businesses or entities.