India, Aug. 4 -- ARC Group Securities LLC, a privately held broker-dealer, Tuesday announced that its special purpose vehicle, ARC Group Securities Acquisition I Units (FJDIU), a blank check company incorporated in Cayman Islands priced its initial public offering of 10,500,000 units at a price of $10.00 per unit.
The units are expected to be listed for trading on the Nasdaq Stock Market under the ticker symbol FJDIU beginning August 4. Each unit consists of one class A ordinary share and one redeemable warrant of the Company, and one right to receive one-fourth of one Class A ordinary share upon the consummation of an initial business combination.
Each warrant entitles the holder to purchase one Class A ordinary share at a price of $11.5...