Aurora Technology Acquisition Corp. announces the price of a $200 million initial public offering

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SAN FRANCISCO, February 7, 2022 /PRNewswire/ — Aurora Technology Acquisition Corp. (the “Company”), a newly organized blank check company incorporated as Cayman Islands exempt company managed by its Chairman and Chief Executive Officer, Zachary Wangco-vice-president and COO, Catherine Chenco-vice-president and chief financial officer, Yida Gao along with other board members Max Baucus, Jim Woolery, sam yam, Alec Hartmannand Paul Asquithtoday announced the price of its initial public offering of 20,000,000 units at an offering price of $10.00 per unit, each unit consisting of one Class A common share, one redeemable warrant and a right to receive one-tenth (1/10) of a Class A common share. Each redeemable warrant entitles its holder to right to purchase one Class A common share, and each ten (10) rights entitles the holder to receive one Class A common share upon the closing of a business combination. The exercise price of the warrants is $11.50 fully. The Units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “ATAKU” from February 7, 2022. Once the securities comprising the units begin trading separately, the Class A common stock, warrants and rights will trade on the Nasdaq under the symbols “ATAK”, “ATAKW” and “ATAKR”, respectively. The offer is expected to close on February 9, 2022subject to customary closing conditions.

Maxim Group LLC is acting as sole bookrunner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement on Form S-1 (File No. 333-261753) relating to the securities for sale in the initial public offering has been declared effective by the United States Securities and Exchange Commission (the “SEC “) the February 7, 2022. The offering is being made solely by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16and Stage, New York, NY 10022, or by accessing the SEC’s website, www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.

About Aurora Technology Acquisition Corp.

Aurora Technology Acquisition Corp. is a Cayman Islands-based company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies in any industry or geographic location, but intends to focus its research on high-growth technology companies North America and Asia (excluding China). The company aims to prioritize target companies founded by Asian or Asian-American entrepreneurs who are building a global business underpinned by forward-thinking visions and innovative cutting-edge technologies that include, but are not limited to, intelligence technology, blockchain, quantum computing and electric vehicles.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering (“IPO”) of the Company and the search for an initial business combination. No guarantee can be given that the offer described above will be carried out on the terms described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond Aurora Technology Acquisition Corp.’s control, including those set forth in the Risk Factors section of Aurora Technology Acquisition Corp’s registration statement and preliminary prospectus. for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Aurora Technology Acquisition Corp. assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact details:
Zachary WangCEO
Catherine Chenchief operating officer
Yida GaoCFO
E-mail: [email protected]

SOURCEAurora Technology Acquisition Corp.

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