NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) — Qomolangma Acquisition Corp., a Delaware corporation QOMOU (the “Company”) announced today that it has priced its initial public offering of 5,000,000 units at $10.00 per unit.
The Company’s units are expected to begin trading on the NASDAQ Capital Market (“Nasdaq”) on Friday, September 30, 2022 and will trade under the ticker symbol “QOMOU”. Each unit consists of one common share with a par value of $0.0001 per share, a right to receive one tenth (1/10th) of a common share and a redeemable warrant to purchase one common share at an exercise price of $11.50 per share. The securities underlying the Shares are not currently traded separately. Once the securities comprising the entities are traded separately, the shares, rights and warrants are expected to be listed on the Nasdaq under the symbols “QOMO”, “QOMOR” and “QOMOW”, respectively.
Ladenburg Thalmann & Co. Inc. is acting as sole bookrunner and representative of the underwriters in the offering. The underwriters have been granted a 45-day option to purchase up to an additional 750,000 units, which the company is offering to cover any over-allotment.
The offering is expected to expire on Tuesday, October 4, 2022, subject to customary closing conditions.
The Company’s sponsor, Qomolangma Investments LLC, a Delaware limited liability company, and/or its designees have committed and agreed to purchase a total of 260,500 units (or 284,875 units if the over-allotment option is exercised in full) at a price of $10 $.00 per unit for an aggregate purchase price of $2,605,000 (or $2,848,750 if the over-allotment option is exercised in full) in a private placement closing concurrently with the closing of the IPO. Each private placement unit consists of one common share, a right to receive one-tenth (1/10th) of a common share upon the consummation of an initial business combination, and a private placement…
