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SOAR Technology Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

By   /  September 21, 2021  /  Comments Off on SOAR Technology Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

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NEW YORK–()–SOAR Technology Acquisition Corp. (the “Company”), a special purpose acquisition company, announced today the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, which included 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option.

The units are listed on the New York Stock Exchange and began trading under the ticker symbol “FLYA.U” on September 16, 2021. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities…



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