Rights to receive Class A ordinary shares
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Westin Acquisition Corp Prices $50 Million Initial Public Offering
Globenewswireยท 2025-11-04 02:00
Core Points - Westin Acquisition Corp has announced the pricing of its initial public offering (IPO) of 5,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-sixth of one Class A ordinary share upon the completion of a business combination [1] - The units are expected to trade on Nasdaq under the ticker symbol "WSTNU" starting November 4, 2025, with the IPO expected to close on November 5, 2025, subject to customary closing conditions [1] - A.G.P./Alliance Global Partners is the sole book-running manager for the offering, and the underwriters have a 45-day option to purchase up to 750,000 additional units to cover over-allotments [2] Company Overview - Westin Acquisition Corp is a blank check company incorporated in the Cayman Islands, aimed at effecting mergers, share exchanges, asset acquisitions, share purchases, recapitalizations, reorganizations, or similar business combinations with one or more businesses or entities [5] - The company intends to conduct a global search for target businesses, focusing on North America, South America, Europe, or Asia [5] - The leadership team includes Mr. Kok Peng Na as Chief Executive Officer and Mr. Stanney Patrick Majawit as Chief Financial Officer [5]