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Get To Know What’s Happening With NYSE: ACICU Stocks

Atlas Crest Investment Corp. (NYSE: ACICU, “the Company”) today reported that it priced its initial 50,000,000 unit public offering at $10.00 per unit at a public auction. Trading on the New York Bourse, “NYSE,” under the ticker symbol “ACIC.U,” on October 28, 2020 is scheduled to commence. Every unit is made up of a common stock of class A and a third of a warrant. Both of them entitle the holder to buy one common stock of class A at a cost of $11.50 per share. As unit securities begin to trad, the common stock and warrants of class A are to be exchanged on the New York Stock Securities under the symbol “ACIC” and “ACIC WS.” Once the units are split, no fractional warrants are issued and only entire warrants are traded. Subject to customary closing terms, the deal could end by 30 October 2020.

Moelis, President of Atlas Crest, founded the Moelis & Co investment group in 2007, after consulting them on M&A deals in the amount of $3.5 trillion. He has served as UBS Investment Bank President.

The company’s NYSE: ACICU goal is to collect $500 million in a U.S. initial public offer, the wholesale banker Ken Moelis said on Friday.

According to a source from the report, the firm, the Atlas Crest Investment corp., is finding a shell that gathers money in the IPO to purchase and then combine, in the normal two years, with another company for a special purpose buying company, or SPAC.

This year’s SPACs have raised trillions of high-profile investmenters such as Bill Ackman and Michael Klein.Cantor is Atlas Crest’s exclusive book-running boss.

The closure

Atlas Crest Investment Corp. has announced today that its initial 50,000.000 unit public offering will be closed to public at $10.00 for a unit price. Atlas Crest Investment Corp. On 28 October 2020, the units started trading under the ticker symbol ‘ACIC.U’ on The New York Stock Exchange NYSE: ACICU Every unit is made up of a common stock of class A and a third of a warrant. Both of them entitle the holder to buy one common stock of class A at a cost of $11.50 per share. After separate exchange of securities containing the units, the shares and warranty of Class A shall be exchanged on NYSE with the ACIC and ACIC WS marks.

New York City, NY, is preparing to collect 500 million dollars by selling 50 million units for 10 million dollars. Each unit has a common equity share and a 1/3 share guarantee that can be exercised at $11.50. The estimated transaction size would be $625 million in market valuation for Atlas Crest Investment Corp. You can buy the stock at desktop platform.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.