Meshflow Acquisition Corp. Announces Closing of $345 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option in Full
Globenewswire·2025-12-11 22:00

Company Overview - Meshflow Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [4] - The company aims to target opportunities in the infrastructure layer of the blockchain and digital asset ecosystem, including crypto infrastructure platforms, decentralized coordination tools, Web3 middleware, and asset tokenization rails [4] Initial Public Offering (IPO) Details - The company closed its initial public offering of 34,500,000 units at a public offering price of $10.00 per unit, which includes 4,500,000 units from the underwriters' over-allotment option [1] - Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share [1] - The units began trading on The Nasdaq Global Market under the ticker symbol "MESHU" on December 10, 2025 [2] Private Placement Information - Concurrently with the IPO, the company closed a private placement of 5,333,333 warrants at a price of $1.50 per warrant, resulting in gross proceeds of $8,000,000 [3] - The private placement warrants are also exercisable to purchase one Class A ordinary share at $11.50 per share [3] - A total of $345,000,000 from the IPO proceeds was placed in trust [3] Underwriters and Management - Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering, while Odeon Capital Group LLC served as co-manager [5]