Centricus Acquisition Corp. Going Public in a Deal that Could Be Valued at Over a Quarter of a Billion Dollars

Blank-check company Centricus Acquisition Corp. is raising funds to "acquire and manage a growth-oriented, market leading business." To this end, they have filed paperwork with the SEC registering up to 28.75 million units to trade on the NASDAQ. However, this number includes 3.75 million units issuable to the underwriters in order to cover over-allotments, if any.

In the event that no units are issued to cover over-allotments, only 25 million units will be issued. Units will trade under the ticker symbol CENHU. Further the proposed maximum offering price is $10 per unit. Each unit consists of 1 share of Class A ordinary stock and 1/3 of a redeemable warrant. Each warrant entitles the holder to purchase 1 share of Class A ordinary stock at a price of $11.50. Only whole warrants will ...

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