Fellazo Inc. Announces Pricing of $50 Million Initial Public Offering
25 Juillet 2019 - 3:00AM
Fellazo Inc. (NASDAQ: FLLCU, the "Company") announced today that it
has priced its initial public offering of 5,000,000 units at $10.00
per unit. The units are expected to be listed on The NASDAQ Capital
Market ("NASDAQ") and trade under the ticker symbol "FLLCU"
beginning Thursday, July 25, 2019. Each unit consists of one
ordinary share, one warrant to purchase one-half of one ordinary
share, and one right to receive one-tenth of one ordinary share
upon the consummation of the Company's initial business
combination. Once the securities comprising the units begin
separate trading, the ordinary shares, rights and warrants are
expected to be listed on NASDAQ under the symbols "FLLC," "FLLCW,"
and "FLLCR," respectively.
The underwriters have been granted a 45-day option to purchase
up to an additional 750,000 units offered by the Company to cover
over-allotments, if any.
The offering is expected to close on July 29, 2019, subject to
customary closing conditions.
Maxim Group LLC acted as sole book running manager in the
offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
July 24, 2019. The offering is being made only by means of a
prospectus, copies of which may be obtained by contacting Maxim
Group LLC, 405 Lexington Avenue, New York, New York 10174.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Fellazo Inc.
Fellazo Inc. is a newly incorporated blank check company
incorporated as a Cayman Islands exempted company and incorporated
for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. Although we are not
limited to a particular industry or geographic region for purposes
of consummating an initial business combination, we intend to focus
on businesses in the health food and supplement sector that have
their primary operations in Asia.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
Contact:Nicholas WongChief Executive OfficerFellazo
Inc.nicholas.wong@fellazo-inc.com
Fellazo (NASDAQ:FLLCU)
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