NEW YORK, July 21, 2021 / PRNewswire / – TradeUp Acquisition Corp. (NASDAQ: UPTDU, the “Company”) today announced the completion of its initial public offering of 4,430,000 units at a price of. famous $ 10.00 per share, including 430,000 shares issued in accordance with the lead manager’s exercise of the over-allotment option, for total gross proceeds to the company of $ 44,300,000. The company’s shares were listed on the NASDAQ Capital Market (“NASDAQ”) under the ticker symbol “UPTDU” on July 15, 2021. Each unit issued under the Offering will consist of one common share and one half of a redeemable warrant, with each whole warrant being available for purchase of one entire share of common stock at a price of. is exercisable $ 11.50 per share. Once the securities making up the Units commence separate trading, the common stocks and warrants are expected to be listed on NASDAQ under the symbols “UPTD” and “UPTDW”, respectively.
US Tiger Securities, Inc. acted as lead book running manager on the issue. EF Hutton, division of Benchmark Investments, LLC and RF Lafferty & Co., Inc. acted as joint book-running managers. RF-Lafferty & Co., Inc. also acts as a qualified independent underwriter.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and effective July 14, 2021. The offer was made only by means of a prospectus, copies of which can be obtained when available by contacting US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, New York 10022; E-mail: [email protected].
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will any sale of these securities be made in any state or jurisdiction in which such offer, solicitation or sale is prior to registration or Qualify under the securities laws of such state or jurisdiction.
About TradeUP Acquisition Corp.
TradeUP Acquisition Corp. is a reorganized blank check company operating as a Delaware Corporation established for the purpose of carrying out a merger, a capital exchange, an asset acquisition, a share purchase, a restructuring or a similar business combination with one or more companies. The company has not selected a business combination target and has not entered into substantive discussions, either directly or indirectly, with a business combination, nor has anyone had any substantive discussions on its behalf. The company’s efforts to identify a potential target company are not limited to any particular industry or geographic region, although the company intends to focus on finding a target company in the technology industry.
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. The company expressly disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in the company’s expectations regarding them or changes in the events, conditions or circumstances on which any statement is based.
SOURCE TradeUP Acquisition Corp.