PepperLime Health Acquisition Corporation Prices $150M IPO

 PepperLime Health Acquisition Corporation (the "Company"), a Cayman Islands exempted company that is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.

While the Company may pursue an initial business combination target in any business or industry, the Company intends to target companies at the intersection of technology and consumer health and wellness. The proceeds of the initial public offering will be used to fund the business combination.

The units will be listed on the Nasdaq Global Market and trade under the ticker symbol "PEPLU" on or promptly after the date hereof. Each unit consists of one Class A ordinary share of the Company and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Global Market under the symbols "PEPL" and "PEPLW," respectively. The offering is expected to close on October 19, 2021, subject to customary closing conditions.

Oppenheimer & Co. Inc. acted as the sole underwriter for the offering.

https://au.finance.yahoo.com/news/pepperlime-health-acquisition-corporation-announces-023200006.html