Ribbon Acquisition Corp Completes $50 Million IPO “`
Ribbon Acquisition Corp, a Cayman Islands exempted company, announced the pricing of its $50 million initial public offering (IPO). The IPO involves 5,000,000 units priced at $10.00 each. Each unit includes one Class A ordinary share and a right to receive one-seventh of a Class A ordinary share upon a business combination. Units begin trading on Nasdaq (“Nasdaq”) under the ticker symbol “RIBBU” on January 15, 2025, with the IPO expected to close around January 16, 2025, contingent on standard closing conditions. Upon separate trading, Class A shares and rights will trade under “RIBB” and “RIBBR,” respectively.
A.G.P./Alliance Global Partners serves as the lead underwriter, with The Benchmark Company, LLC as co-manager. A 45-day option to purchase up to 750,000 additional units exists to cover potential over-allotments.
Sichenzia Ross Ference Carmel LLP acted as legal counsel for Ribbon Acquisition Corp, and Loeb & Loeb LLP for A.G.P./Alliance Global Partners.
The SEC declared effective the Form S-1 registration statement (File No. 333-281806) on January 14, 2025. This offering is solely through a prospectus included in the effective registration statement, available on the SEC website. Prospectus copies can also be obtained from A.G.P./Alliance Global Partners.
This press release does not constitute an offer to sell or a solicitation to buy securities where such offer, solicitation, or sale would be unlawful.
About Ribbon Acquisition Corp
Ribbon Acquisition Corp is a Cayman Islands exempted company formed to merge, exchange shares, acquire assets, purchase shares, or conduct similar business combinations. While aiming for a global search for target businesses, some executives and directors are Hong Kong-based, with experience in Asia Pacific business and regulatory environments. The company will not pursue a business combination with any entity primarily based in Greater China. Mr. Angshuman (Bubai) Ghosh leads as CEO, and Ms. Zhiyang (Anna) Zhou as CFO.
Forward-Looking Statements
This press release includes forward-looking statements regarding the IPO and search for a business combination. There is no guarantee of completion or the use of proceeds as described. These statements depend on numerous factors, including those detailed in the Risk Factors section of the registration statement and prospectus filed with the SEC, available on the SEC website.
Contact:
Ribbon Acquisition Corp
Anna Zhou
Chief Financial Officer
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