Alset Capital Acquisition Corp, the special purpose acquisition company (spac) of SGX-listed Alset International, has raised US$86.25 million ($116.12 million) at the close of its initial public offering (IPO).
On Jan 31, Alset spac had priced its initial public offering of US$75 million consisting of 7.5 million units at US$10 per unit.
Each unit consists of Alset spac’s shares of Class A common stock, one-half of one redeemable warrant, and one right to receive one-tenth of one share of Class A common stock upon the consummation of an initial business combination.
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