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NEW YORK, March 8, 2021 /PRNewswire/ Atlantic Coastal Acquisition Corp. ( ACAH ) today announced the closing of its initial public offering of 30,000,000 units at $10.00 per unit. The units are listed on the Nasdaq Stock Market and trade under the ticker symbol ACAHU .
Each unit consists of one share of Class A common stock of the Company and one-third of one warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NASDAQ Capital Market under the symbols ACAH and ACAHW, respectively.
/PRNewswire/ Atlantic Coastal Acquisition Corp. (the "Company"), announced today that it priced its initial public offering of 30,000,000 units at a price.
AP
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About $17 million in street improvements, $10 million to reduce traffic congestion and $4.5 million to repair landslides are among the projects that will be funded with about $46.6 million in bonds Pittsburgh is floating this week.
The total amount being borrowed is about $55.3 million, which includes financing costs, the city said.
The city used the New York and Oakland, Calif.-based firm Siebert Williams Shank & Co. to shepherd the transaction. The company is minority and women-owned.
It has worked with the city, its Sports and Exhibition Authority, Pittsburgh Water and Sewer Authority and Pittsburgh Public Schools, according to its regional managing director, Derek McNeil.
Atlantic Coastal Acquisition Corp Announces Pricing of $300 Million Initial Public Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.