Oxley Bridge Acquisition said late Thursday it closed its initial public offering of 25.3 million units at $10 apiece for gross proceeds of $253 million, which were placed in a trust.

The offering includes 3.3 million units issued upon the full exercise of an overallotment option by underwriters, according to the blank check company.

Units started trading on June 25 on Nasdaq under ticker OBAWU, and each unit comprises one class A common share and one-half of one redeemable warrant. Each warrant allows holders to buy a class A common share at an exercise price of $11.50 per share, according to a statement.

Once the securities begin separate trading, Class A ordinary shares and warrants are expected to list on Nasdaq under the tickers OBA and OBAWW, respectively, the company said.