CIBL, Inc. said that PMV Acquisition Corp., its indirect, majority-owned subsidiary, has filed a registration statement relating to a proposed initial public offering of its units.
PMV said it expects to offer ten million units, with each unit consisting of one share of common stock and one warrant to acquire one-half of one share of common stock, at an offering price of USD10.00 per unit. The underwriters will also be granted an over-allotment option to purchase up to an additional one million five hundred thousand units to cover over-allotments, if any.
PMV is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Cantor Fitzgerald & Co. is the sole book-running manager for the proposed offering. The proposed offering will be made only by means of a prospectus.