NEW YORK, Oct. 29, 2020 /PRNewswire/ -- Mallard
Acquisition Corp. (NASDAQ: MACUU, the "Company") announced today
that it closed its initial public offering of 11,000,000 units,
resulting in total gross proceeds of $110,000,00.
The units began trading on The NASDAQ Capital Market ("NASDAQ")
on October 27, 2020 under the ticker
symbol "MACUU". Each unit consists of one share of common stock and
one redeemable warrant to purchase one half share of common stock
at $11.50 per whole share. Once the
securities comprising the units begin separate trading, the common
stock and warrants are expected to be listed on the NASDAQ under
the symbols "MACU" and "MACUW" respectively.
Chardan acted as sole book running manager in the offering.
Ellenoff Grossman & Schole LLP acted as counsel to the
Company and Hunter Taubman Fischer
& Li LLC acted as counsel to the underwriters.
About Mallard Acquisition Corp.
Mallard Acquisition
Corp. is a blank check company formed for the purpose of effecting
a merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. Mallard Acquisition Corp. intends to focus its search
for a target business in the value-added distribution, industrial
specialty services, and differentiated manufacturing sectors.
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.
Contact:
P. Jeffrey Leck
Chief Executive Officer, President and
Director
Jeff@MallardSPAC.com
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SOURCE Mallard Acquisition Corp.