Columbus Acquisition Prices IPO at $10 per Unit

MT Newswires Live

01/23

Columbus Acquisition (COLA) said late Wednesday it priced its initial public offering of 6 million units at $10 per unit.

Each unit consists of one ordinary share and one right to receive one-seventh of an ordinary share upon completing a business combination, the company said.

The firm expects its units to trade on Nasdaq under the "COLAU" ticker beginning Thursday.

Once the units separate, the ordinary shares and rights will trade under the symbols "COLA" and "COLAR," respectively.

The offering is set to close on Friday. The company said it granted underwriters a 45-day option to purchase up to 900,000 units to cover over-allotments.

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