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Mana Capital Acquisition Corp. announces pricing of $62 million initial public offering

By Hemanth on Nov 26, 2021 | 03:36 AM IST

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Mana Capital Acquisition Corp.  today announced the pricing of its initial public offering of 6,200,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Global Market and trade under the ticker symbol “MAAQU” beginning November 23, 2021. Each unit consists of one share of common stock, one-half of one redeemable warrant, and one right to receive one-seventh of a share of common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per whole share, subject to adjustment as described in the prospectus and only whole warrants are exercisable. After the securities comprising the units begin separate trading, the shares of common stock, warrants and rights are expected to be listed on Nasdaq under the symbols “MAAQ”, “MAAQW” and “MAAQR”, respectively. The offering is expected to close on or about November 26, 2021, subject to customary closing conditions.

Mana is a newly incorporated blank check company formed for the purpose of engaging in a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Its efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus its search on target businesses operating in North America, Europe and Asia in the healthcare, technology, green economy, and consumer products sectors.

Ladenburg, Thalmann &Co., Inc. is acting as the sole bookrunner for the offering. I-Bankers Securities, Inc. is acting as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 930,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 22, 2021. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained by contacting Ladenburg, Thalmann & Co.,640 5th Ave, 4th Floor, New York, NY 10019; Telephone: 800-573-2541; Email: Prospectus@ladenburg.com. Copies ofthe registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shallnot constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state orjurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities lawsof any such state or jurisdiction.

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