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Kingswood Acquisition Corp. Announces Closing of $115 Million Initial Public Offering

By   /  November 25, 2020  /  Comments Off on Kingswood Acquisition Corp. Announces Closing of $115 Million Initial Public Offering

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NEW YORK–()–Kingswood Acquisition Corp. (NYSE: KWAC.U) (“KWAC” or the “Company”) announced today the closing of its initial public offering (“IPO”) of 11,500,000 units, including 1,500,000 units issued to the underwriters upon the full exercise of their over-allotment option, at a price to the public of $10.00 per unit. The units began trading on The New York Stock Exchange (the “NYSE”) under the symbol “KWAC.U” on November 20, 2020. Each unit issued in the IPO consists of one share of Class A common stock and three-fourths of one warrant, with each whole warrant entitling the holder thereof to purchase one share of Class A common stock at $11.50 per share upon the consummation of an initial…



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