EF Hutton Acquisition Corporation (NASDAQ: EFHTU) recently announced that it priced its initial public offering of 10,000,000 units at $10.00 per unit. According to the announcement, the units were listed on the Nasdaq Global Market and began trading under the ticker symbol EFHTU on Sept. 9, 2022. Each unit consists of one share of common stock, one redeemable warrant and one right to receive 1/8 of one share of common stock upon consummation of the company’s initial business combination. Each warrant entitles the holder to purchase one share of common stock, each at a price of $11.50. Shares of common stock, warrants and rights are expected to be listed on Nasdaq under the symbols EFHT, EFHTW and EFHTR, respectively, once the securities comprising the units begin separate trading.
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About EF Hutton Acquisition Corporation I
The company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It has not selected any specific business combination target and has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target. While the company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies within the consumer and retail industry. The company is led by Benjamin Piggott, the company’s chairman and CEO, Kevin M. Bush, the company’s CFO, and Joseph Rallo and David Boral, the company’s co-presidents.
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