Aquila ACQ-Z has been granted approval to raise A$3.5 million through the placement of 1,558,500 fully paid shares.
1min read Aquila Acquisition Corp. (AQUILA ACQ-Z(07836)) has announced that its board has declared that on March 3, 2025, Aquila Acquisition Corp., the target company, the controlling shareholder, CMB International Capital Corporation, HSBC Corporate Finance (Hong Kong) Limited, and UBS Securities Hong Kong Limited (as joint sponsors), CMB International Capital Corporation, Hang Seng Bank (Hong Kong) Limited, and UBS AG Hong Kong Branch (as overall coordinator, joint global coordinators, joint bookrunners, joint lead managers, and capital market intermediaries), and MTD Capital Limited, China Merchants International Capital Corporation, and Yingli Securities Limited (as joint lead managers and capital market intermediaries) entered into a placement agreement. Under the terms and subject to the conditions set forth in the placement agreement, the issuer has agreed to allot and issue, and the capital market intermediaries have respectively agreed (as agents of the issuer) to use their best efforts to procure the allotment and issue of such number of professional investors (so that the total number of professional investors of the issuer at the time of listing will be at least 100 professional investors) of Aquila Acquisition Corp. Class A shares at HK$10.00 each.The number of shares to be issued under the approved equity financing is 1,558,500 shares, which represents approximately 0.15% of the issued share capital of Aquila Acquisition Corp. after the completion of the approved equity financing.The total proceeds of the approved equity financing will be HK$15.585 million. The net proceeds of the approved equity financing (after deducting fees and expenses (assuming full payment of discretionary fees)) are estimated to be approximately HK$14.9 million.Aquila Acquisition Corp. has applied to the Stock Exchange for the listing and trading of its Class A shares and Class A warrants on the Main Board of the Stock Exchange. The Stock Exchange granted in principle approval on February 5, 2025. After the completion of the approved equity financing, the Class A shares and Class A warrants of Aquila Acquisition Corp. will be listed on the Main Board of the Stock Exchange.