Black Ridge Acquisition Corp. Announces Pricing of Initial Public Offering
Broad Capital Acquisition Corp - Units (BRACU)
US:NASDAQ Investor Relations:
blackridgeoil.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Black Ridge Acquisition Corp. (NASDAQ:BRACU) (the “Company”) announced today that its Registration Statement on Form S-1 (SEC File No. 333-220516) was declared effective by the Securities and Exchange Commission. The closing of the Company’s initial public offering of 12,000,000 units is expected to occur on or about October 10, 2017. Each unit consists of one share of the Company’s common stock, par value $.0001 per share (“Common Stock”), one right to receive one-tenth (1/10) of one share of Common Stock upon consummation of an initial business combination, and one warrant entitling the holder to purchase one share of Common Stock at a price of $11.50 per share. Each Unit will be sold at an offering price of $10.00 per unit for aggregate gross proceeds of $120,000,000. Once the securities comprising the units begin separate trading, the common stock, warrants and rights are expected
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