Amanat Acquisition Corp Prices $75M IPO at $10 with 1.125M-Share Overallotment Option
Amanat Acquisition Corp priced a 7.5 million-share IPO at $10 per share, raising $75 million and granting underwriters a 45-day option on 1.125 million additional shares. The SPAC will begin trading on the Nasdaq Capital Market today and aims to pursue healthcare or healthcare-related industry mergers.
1. IPO Details and Pricing
Amanat Acquisition Corp priced 7,500,000 Class A ordinary shares at $10 each, raising $75 million. Underwriters have a 45-day option to purchase up to 1,125,000 additional shares at the IPO price, subject to customary discounts and commissions.
2. Nasdaq Listing
The Class A ordinary shares will begin trading on the Nasdaq Capital Market today, and the offering is expected to close on May 20, 2026, subject to standard closing conditions.
3. Target Focus
The SPAC intends to pursue an initial business combination in healthcare or healthcare-related industries, leveraging its management team's expertise to create long-term shareholder value.
4. Management and Underwriters
Leerink Partners is acting as sole bookrunning manager, and the company is sponsored by Amanat Sponsor Holdings LLC, led by Dr. Sandeep C. Kulkarni, Dr. Pavan Cheruvu and Mr. Nicholas Fernandez.