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Arbor Rapha Capital Bioholdings Corp. I Announces Pricing of $150 Million Initial Public Offering

NEW YORK, Oct. 28, 2021 /PRNewswire/ — Arbor Rapha Capital Bioholdings Corp. I (the “Company”) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “ARCKU” beginning Friday, October 29, 2021. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and redeemable warrants are expected to be listed on Nasdaq under the symbols “ARCK” and “ARCKW,” respectively. The offering is expected to close on Tuesday, November 2, 2021, subject to customary closing conditions.

Original Post: benzinga.com

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