© Reuters. Bowen Acquisition Corp (BOWNU) rates IPO for 6m units at $10/unit
Bowen Acquisition Corp (BOWNU) announced today that its initial public offering price of 6,000,000 units is $10.00 per unit. The Company’s units will be listed on the Nasdaq Global Market (“Nasdaq”) and will begin trading tomorrow, July 12, 2023 under the ticker symbol “BOWNU”. Each unit consists of one common share and one right entitling its holder to receive one-tenth of one common share upon closing of an initial business combination, subject to adjustment. Once the securities comprising the entities are traded separately, common stock and redeemable warrants are expected to be listed on the Nasdaq under the symbols “BOWN” and “BOWNR,” respectively.
Bowen Acquisition Corp is a tax-exempt Cayman Islands corporation incorporated as a blank check corporation to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination of one or more companies or close corporations. The Company’s efforts to identify a potential target company will not be limited to any particular industry or geographic region. The company is led by its CEO Na Gai, its chief executive officer Jiangang Luo, its chief financial officer Jing Lu and its independent directors Lawrence Leighton, Wei Li and Jun Zhang.
EarlyBirdCapital, Inc. is acting as book-running manager for the offering and Revere Securities is acting as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial offering price to cover any over-allotment. The offer is made exclusively by means of a prospectus. Copies of the prospectus, when available, may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.
A registration statement relating to these securities was filed with the Securities and Exchange Commission (“SEC”) and was effective on July 11, 2023. This press release does not constitute an offer to sell or a solicitation of an offer to buy If any sale of these securities occurs in any state or jurisdiction where such offer, solicitation or sale prior to registration or qualification under the securities laws of such state or that jurisdiction would be unlawful?
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