NEW YORK, NY, September 13, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — EF Hutton Acquisition Corporation I (the “Company”) announced today the completion of its initial public offering of 11,500,000 units at a price of $10.00 per unit, including 1,500,000 units issued pursuant to the underwriters’ full exercise of their over-allotment option became. The Shares are listed on the Nasdaq Global Market (“Nasdaq”) and traded on September 9, 2022 under the ticker symbol “EFHTU”. Each unit consists of one common share, one redeemable warrant and a right to receive 1/8th of a common share upon the consummation of the original business combination. Each warrant entitles the holder to purchase one common share at a price of $11.50 per share. Once the securities comprising the entities are traded separately, common stock, warrants and rights are expected to be listed on the Nasdaq under the symbols “EFHT”, “EFHTW” and “EFHTR”, respectively.
The Company is a blank check corporation formed for the purpose of effecting a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination of one or more companies. It has not selected any particular business combination objective and has not directly or indirectly participated in any substantive discussions with any business combination objective, nor has anyone participated on its behalf. While the Company may pursue an initial merger target in any business or industry, it intends to focus its search on companies in the consumer goods and retail industries. The company is led by Benjamin Piggott, the company’s chairman and chief executive officer, Kevin M. Bush, the company’s chief financial officer, and Joseph Rallo and David Boral, the company’s co-presidents.
EF Hutton, a division of Benchmark Investments, LLC (“EF Hutton”), acted as sole book-running manager for the offering.
Loeb & Loeb LLP acted as legal counsel to the Company. Hogan Lovell’s USA…
