India, June 25 -- Alpex Acquisition Corp. (ALPXU) Thursday said that it has priced its Initial Public Offering or IPO of 10 million units at $10.00 per unit, with trading expected to begin on the Nasdaq on June 25. Each unit consists of one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth of a Class A ordinary share upon completion of an initial business combination, the company said in an official statement.
The blank-cheque acquisition company said that each whole warrant is exercisable for one Class A ordinary share at $11.50 per share. Upon separate trading, the shares, warrants, and rights are expected to trade under the symbols ALPX, ALPXW, and ALPXR, respectively.
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