GlobeNewswire Inc. · Nov 16, 2022
Plutonian Acquisition Corp. Announces Closing of $57,500,000 Initial Public Offering and Full Exercise of Over-Allotment Option
New York, NY, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Plutonian Acquisition Corp. (the "Company") today announced the closing of its initial public offering of 5,000,000 units at $10.00 per unit, including an additional 750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The units are listed on The Nasdaq Capital Market ("Nasdaq") and began trading on November 10, 2022 under the ticker symbol "PLTNU". Each unit consists of one share of common stock, one redeemable warrant, and one right to receive one-sixth (1/6) of a share of common stock upon the consummation of an initial business combination. Each warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of common stock, warrants, and rights are expected to be listed on Nasdaq under the symbols “PLTN”, “PLTNW”, and “PLTNR” respectively.
