©Reuters. Common Acquisition Corp. (QOMO) IPO prices at $10
Qomolangma Acquisition Corp., a Delaware company (QOMOU), announced today that it has priced its IPO of 5,000,000 units at $10.00 per unit.
The Company’s units are expected to begin trading on the NASDAQ Capital Market (“Nasdaq”) on Friday, September 30, 2022 and will trade under the ticker symbol “QOMOU”. Each unit consists of one common share with par value of $0.0001 per share, a right to one tenth (1/10th) of a common share and a redeemable warrant to purchase one common share at an exercise price of $11.50 per share. The securities underlying the Shares are not currently traded separately. Once the securities comprising the entities are traded separately, the shares, rights and warrants are expected to be listed on the Nasdaq under the symbols “QOMO”, “QOMOR” and “QOMOW”, respectively.
Ladenburg Thalmann & Co. Inc. is acting as the sole bookrunner and agent of the underwriters in the offering. The underwriters have been granted a 45-day option to purchase up to an additional 750,000 units, which the company is offering to cover any over-allotment.
The offering is expected to expire on Tuesday, October 4, 2022, subject to customary closing conditions.
Qomolangma Acquisition Corp. is a blank check corporation organized under the laws of the State of Delaware for the purpose of consummating a merger, stock exchange, acquisition of assets, stock purchase, reorganization or similar business combination with one or more companies.
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