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NEW YORK, March 8, 2021 /PRNewswire/ Atlantic Coastal Acquisition Corp. ( ACAH ) today announced the closing of its initial public offering of 30,000,000 units at $10.00 per unit. The units are listed on the Nasdaq Stock Market and trade under the ticker symbol ACAHU .
Each unit consists of one share of Class A common stock of the Company and one-third of one warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NASDAQ Capital Market under the symbols ACAH and ACAHW, respectively.
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