Ribbon Acquisition Corp. (NASDAQ:RIBBU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RIBBU”, Wednesday, January 15, 2025.
The new SPAC intends to take a generalist approach in searching for a business combination, but will not consider targets located in China.
Ribbon’s sponsor team is led by Chairperson and Chief Executive Officer Angshuman (Bubai) Ghosh and Chief Financial Officer Zhiyang (Anna) Zhou. James Zhao-Hui Zhang, Kani Cheng and Jon Nathan Miller will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 3. This offering is expected to close on Thursday, January 16, 2025.
A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering. The Benchmark Company, LLC is acting as the co-manager for the offering. Sichenzia Ross Ference LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Audit Alliance LLP serves as auditor. Odyssey Trust Company is acting as trustee.
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