Becker is proud to announce the successful representation of Mana Capital Acquisition Corp. (NASDAQ: MAAQU) in its initial public offering of 6.2 million units at $10 per unit, resulting in gross proceeds of $62 million.
Corporate team members Jie Chengying Xiu and Michael Goldstein represented client Mana Capital Acquisition Corp., a Delaware company, in connection with its initial public offering, which was completed on November 26, 2021.
Mana Capital Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region. These entities are commonly called “SPACS”.
Ladenburg, Thalmann & Co., Inc. acted as the sole bookrunner for the offering and I-Bankers Securities, Inc. acted as co-manager for the offering.
To view the news release on the IPO closing, click here.
Becker’s Corporate Practice Group takes pride in becoming part of our clients’ business team. We make it a priority to understand our clients’ operations and strategy, and develop solutions the include a business, legal, and regulatory perspective. The team’s collective expertise includes corporate governance, M&A, employment agreements and executive compensation, broker-dealer and investment advisor regulation, wealth and business preservation, intellectual property, SEC disclosure and securities regulation, SPACs, corporate finance, debt restructuring, bankruptcy, tax controversy, and a host of other financial service industry-related concerns.