Karbon Capital Partners (KBON) said Thursday it has priced an initial public offering of 30 million units at $10 each.
Each unit consists of one share and one-fourth of a warrant, with each whole warrant redeemable for a share of the company at $11.50 per share, the companies said.
The units will be listed on Nasdaq under the ticker symbol "KBONU" with trading expected to begin on Dec. 11, the company said.
Once the units begin separate trading, the shares and warrants are expected to be listed under the symbols "KBON" and "KBONW," respectively.
The offering is expected to close on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.