Allegro Merger (ALGRU) priced its intial public offering of 13M units at $10.00 per unit, consisting of one share of common stock, one right to receive one-tenth of one share upon consummation of an initial business combination and one warrant to purchase one share of common stock.
The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol "ALGRU" beginning today.
Underwriters over-allotments is an additional 1,950,000 units.
Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering.
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