Vahanna Tech Edge Acquisition I Corp. announced the pricing of its upsized $174 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VHNAU” Tuesday, November 23.
The new SPAC intends to focus its search on companies with a strong connection to India and catering to a large addressable market opportunities in India or other developed geographies such as the Americas and Europe. Vahanna Tech Edge I is led by CEO Karan Puri, Chairman Saurav Adhikari, and CFO Raahim Dor.
Total SPAC deal count for 2021 year-to-date is now 557. This offering is expected to close on Friday, November 26.
Mizuho Securities is acting as the sole bookrunner for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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