ALSP Orchid files registration statement related to proposed IPO

KUALA LUMPUR, Nov 5 -- ALSP Orchid Acquisition Corporation I (the Company or ALSP Orchid), has announced filing a registration statement on Form S-1 (the Registration Statement) with the Securities and Exchange Commission (the SEC) related to the proposed initial public offering of 15,000,000 units at a price of US$10.00 per unit. (US$1 = RM4.158)

Each unit will consist of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary share, according to a statement.

ALSP Orchid has applied to have its units approved for listing on The Nasdaq Global Market.

ALSP Orchid is a newly organised blank check company formed by Accelerator Life Science Partners, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with one or more businesses.

Stifel, Nicolaus & Company, Incorporated and Nomura Securities International, Inc. are serving as joint book-running managers for the proposed offering.

The offering is being made only by means of a prospectus.

The Registration Statement relating to these securities has been filed with the SEC but has not yet become effective.

-- BERNAMA