Moringa Acquisition Corp. has priced its initial public offering of 10,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market and trade under the symbol “MACAU” beginning on February 17. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on the Nasdaq under the symbols “MACA” and “MACAW,” respectively.
EarlyBirdCapital Inc. and Moelis & Company are acting as joint book-running managers of the offering. The company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.