India, July 24 -- Market Technology Acquisition Corp Unit (MTAKU), a special purpose acquisition company, priced its initial public offering of 20 million units at $10 per unit, raising gross proceeds of $200 million.
The offering is expected to close on July 27.
The company granted the underwriter a 45-day option to purchase up to an additional 3 million units at the IPO price to cover over-allotments.
The company said that each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
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Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.
The units are expecte...