Leader’s Advantage Acquisition Corp. Announces Closing of Partial Exercise of Over-Allotment Option in Connection with its Initial Public Offering
Key Highlights
- ➤650,000-unit over-allotment exercise generated approximately $6.5 million in gross proceeds
- ➤Offering totaled 15.65 million units and $156.5 million in gross proceeds
- ➤Healthcare-focused SPAC targets a business combination with an established company and drug candidates
- ➤Units trade on Nasdaq under LEDRU at $10.00 per unit
Mt. Laurel Township, NJ, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Leader’s Advantage Acquisition Corp. (the “Company”) a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, announced today that it closed the sale of an additional 650,000 units of the Company, pursuant to the partial exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (together with the over-allotment closing, the “Offering”), at the price of $10.00 per unit, resulting in additional gross proceeds of approximately $6,500,000.
After giving effect to this partial exercise of the over-allotment option, the total number of units sold in the Offering increased to 15,650,000 units, resulting in total gross proceeds of $156,500,000, before deducting underwriting discounts and estimated offering expenses.
Get started
Create a free account to read the full story.