Back to news

ARC Group Securities Acquisition I Announces Closing of $105,000,000 Initial Public Offering

Globe Newswire•05/08/2026•16:05 ET
0
Whiz Insights

NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- ARC Group Securities Acquisition I (the “Company”) today announced closing of its previously announced initial public offering of 10,500,000 units at an offering price of $10.00 per unit, for total gross proceeds of $105,000,000.

The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “FJDIU” on August 4, 2026; separate listings are expected for Class A shares, warrants and rights. Each unit consists of one Class A ordinary share, one redeemable warrant of the Company, and one right to receive one-fourth (1/4) of one Class A ordinary share upon the consummation of an initial business combination. Each warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares, warrants and rights will be listed on Nasdaq under the symbols “FJDI,” “FJDIW” and “FJDIR,” respectively.

Get started

Create a free account to read the full story.

Sign Up

Already have an account? Log in