Westin Acquisition (WSTN) said Tuesday it has priced its initial public offering of 5 million units, comprising one class A ordinary share and one right to receive one-sixth of a share upon completion of a business combination, at $10 each.
The company said the units are set to begin trading Tuesday on Nasdaq under the symbol 'WSTNU', with the IPO expected to close on Wednesday.
Once separated, the class A shares and rights will trade under 'WSTN' and 'WSTNR' ticker, respectively, the company said.
The company said it also granted underwriters a 45-day option to purchase up to 750,000 additional units to cover potential over-allotments.
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