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Orisun Acquisition prices $40M initial public offering

Aug. 05, 2019 11:03 AM ETOrisun Acquisition Corp. Units (ORSNU) StockORSNUBy: Niloofer Shaikh, SA News Editor
  • Orisun Acquisition (NASDAQ:ORSNU) has priced its initial public offering of 4M units at $10.00 per unit.
  • Each unit consists of one share of common stock, one warrant to purchase one half (1/2) of one share of common stock at a price of $11.50 per whole share, and one right to receive one-tenth (1/10) of a share of common share upon the consummation of an initial business combination.
  • Underwriters over-allotment is an additional 600K units.
  • The offering is expected to close on August 6.

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