Mountain Lake Acquisition said late Thursday it has priced an initial public offering of 21 million units at $10 per unit.
Each unit consists of one class A ordinary share and one right to receive one-tenth of a share upon consummation of a business combination.
The units are expected to be listed on Nasdaq Friday under the ticker symbol "MLACU." Once the securities begin separate trading, the shares and rights are due to be listed on Nasdaq under the symbols "MLAC" and "MLACR," respectively.
The offering is expected to close on Dec. 16.
The blank-check company has also granted underwriters a 45-day option to purchase up to about 3.2 million additional units to cover any over-allotments.
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