Bowen Acquisition Corp Announces Pricing of $60,000,000 Initial Public Offering
July 11 2023 - 6:45PM
Bowen Acquisition Corp (the “Company”) announced today that it
priced its initial public offering of 6,000,000 units at $10.00 per
unit. The Company’s units will be listed on the Nasdaq Global
Market (“Nasdaq”) and will begin trading tomorrow, July 12, 2023,
under the ticker symbol “BOWNU.” Each unit consists of one ordinary
share and one right entitling the holder thereof to receive
one-tenth of one ordinary share upon the completion of an initial
business combination, subject to adjustment. Once the securities
comprising the units begin separate trading, ordinary shares and
redeemable warrants are expected to be listed on Nasdaq under the
symbols “BOWN” and “BOWNR,” respectively.
Bowen Acquisition Corp is a Cayman exempt
company formed as a blank check company for the purpose of entering
into a merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization or similar business combination
with one or more businesses or entities. The Company’s efforts to
identify a prospective target business will not be limited to a
particular industry or geographic region. The Company is led by its
Chairwoman of the Board, Na Gai, its Chief Executive Officer,
Jiangang Luo, its Chief Financial Officer, Jing Lu, and its
independent Directors, Lawrence Leighton, Wei Li, and Jun
Zhang.
EarlyBirdCapital, Inc. is acting as the
book-running manager for the offering and Revere Securities is
acting as co-manager for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
900,000 units at the initial public offering price to cover
over-allotments, if any. The offering is being made only by means
of a prospectus. Copies of the prospectus may be obtained, when
available, from EarlyBirdCapital, Inc., 366 Madison Avenue, New
York, New York 10017, Attention: Syndicate Department, or (212)
661-0200.
A registration statement relating to these
securities was filed with the Securities and Exchange Commission
(“SEC”) and was declared effective on July 11, 2023. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the anticipated use of net proceeds. No assurance can be given that
the offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and preliminary prospectus for
the offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact:Jing Lujinglu@bowenspac.com
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