ARC Group Acquisition I Corp. (ARCLU) Prices $105M IPO
ARC Group Acquisition I Corp. (NASDAQ:ARCLU) announced the pricing of its $105 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ARCLU” on Thursday, April 30, 2026.
The new SPAC intends to combine with a target company in the technology, healthcare or logistics industries.
ARC Group Acquisition I Corp. is to be led by Chief Executive Officer and Executive Director Datuk Dr. Doris Wong Sing Ee, Executive Director and Chief Operating Officer Ian Hanna and Chief Financial Officer Kiu Cu Seng. Dr. Satis Waran Nair Krishnan, Inigo Angel Laurduraj and Soon Ping Pappas will serve on its Board of Directors.
Total SPAC deal count for 2026 year-to-date is now 73. This offering is expected to close on Friday, May 1, 2026.
ARC Group Securities, LLC and IB Capital, LLC are acting as joint book-running managers for the offering. Rimon, PC is serving as Issuer’s Counsel with Paul & Hastings LLP serving as Underwriter’s Counsel. Guangdong Prouden CPAs GP serves as auditor. Efficiency, INC is acting as trustee.
