Modiv Acquisition Corp. (“MAC SPAC”) declares the submitting of a registration assertion
NEWPORT BEACH, Calif .– (BUSINESS WIRE) – Modiv Acquisition Corp. (“MAC SPAC”) as we speak introduced the launch of its preliminary public providing of 10,000,000 items. MAC SPAC has requested that its items be permitted for itemizing on the NYSE American beneath the image “MACS.U”. Every unit will consist of 1 MAC SPAC widespread share and a redeemable warrant to buy half of a typical share.
MAC SPAC is a newly organized clean test firm shaped by Modiv Enterprise Fund, LLC, a subsidiary of Modiv Inc., for the aim of finishing Merger, Capital Alternate, Asset Acquisition, Inventory Buy , a reorganization or the same enterprise mixture with a number of companies or property. Modiv Inc. is an actual property, fintech and proptech funding supervisor with a direct-to-consumer platform, having created one of many largest unlisted actual property funding trusts (“REITs”) to be raised through finance know-how. participatory. Modiv’s sponsorship of MAC SPAC displays its continued dedication to innovation and its investor precedence.
Till MAC SPAC completes its IPO, Modiv is restricted by federal securities legal guidelines in what info it could talk about relating to its sponsorship of MAC SPAC.
Chardan Capital Markets LLC (“Chardan”) is performing because the underwriter for the providing. MAC SPAC intends to grant the underwriter a 45-day choice to buy as much as 1,500,000 further items on the value of the preliminary public providing, much less the subscription low cost, to cowl over-allotments, if any. .
The provide is being made solely by way of a prospectus. Copies of the prospectus referring to this providing, when obtainable, could also be obtained freed from cost by visiting EDGAR on the SEC’s web site at www.sec.gov. Alternatively, copies of the prospectus, when obtainable, might be obtained from Chardan by mail at 17 State Road, Suite 2100, New York, New York 10004 or by electronic mail at [email protected]
A registration assertion on Kind S-1, together with a prospectus, which is preliminary and topic to completion, relating to those securities has been filed with the Securities and Alternate Fee (“SEC”) however has not but been filed. in drive. These securities can’t be bought, nor the affords to purchase accepted, earlier than the second when the registration declaration comes into drive. This press launch won’t represent a proposal to promote or a solicitation of a proposal to purchase such securities, and there shall be no sale of such securities in any state or jurisdiction the place such a proposal, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
Warning Relating to Ahead-Wanting Statements
This press launch comprises statements that represent “forward-looking statements”, together with with respect to the proposed preliminary public providing and the meant use of the web proceeds. There might be no assurance that the provide referred to above shall be accomplished on the phrases described, or by no means, or that the web proceeds of the provide shall be used as indicated. Ahead-looking statements are topic to quite a few situations, a lot of that are past the management of MAC SPAC, together with these set out within the Danger Components part of MAC SPAC’s registration assertion on Kind S-1 and the preliminary prospectus. of the MAC SPAC provide filed with the SECOND. Copies can be found on the SEC web site, www.sec.gov. MAC SPAC assumes no obligation to replace these statements for revisions or modifications after the date of this posting, besides as required by legislation.