by Daniel Webster, dWeb.News Publisher
SAN FRANCISCO, Oct. 14, 2021 (GLOBE NEWSWIRE) — PepperLime Health Acquisition Corporation (the “Company”), a Cayman Islands exempted company that is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 15,000,000 units at a price of $10. 00 per unit. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any. While the Company can pursue any industry or business, it intends to target companies that are at the intersection between technology and consumer health & wellness. The business combination will be funded by the proceeds of the initial public offer.
The units will be listed on Nasdaq Global Market, and trade under the ticker “PEPLU”, as soon as possible after the date. Each unit is composed of one Class A Ordinary Share of the Company and one-half warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11. 50 per share. The Class A ordinary shares or warrants will be listed on the Nasdaq Global Market as “PEPLW” and “PEPLL” once the securities that make up the units are open to separate trading. The offering is expected to close on October 19, 2021, subject to customary closing conditions.
Oppenheimer & Co. Inc. was the sole underwriter of the offering.
The prospectus is the only way to offer. When available, copies of the prospectus may be obtained from: Oppenheimer & Co. Inc., Attn: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, telephone: (212) 667-8055 or email: EquityProspectus@opco.com.
A registration statement relating to the securities became effective on Oct. 14, 2021 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release does not constitute an offer or solicitation to sell securities. It also does not permit the sale of securities in any jurisdiction or state where such an offer, solicitation or sale would be illegal prior to registration or qualification according to the securities laws.
This press release contains forward-looking statements, including statements regarding the closing of the initial public offering and the expected use of the net proceeds. It is impossible to guarantee that the above-mentioned offering will take place on the terms or at all or that the net proceeds will be used in the manner indicated. Forward-looking statements are subjected to many conditions. Many of these are beyond the Company’s control, including those listed in the Risk Factors section and preliminary prospectus filed with the Securities and Exchange Commission (“SEC”) for the Company. Copies are available on the SEC’s website, http://www.sec.gov. These statements are subject to revisions and changes by the Company, but only as required by law.
PepperLime Health Acquisition Corporation
This content was issued through the press release distribution service at Newswire.com.
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