Prime Number Acquisition I Corp. Announces Pricing of $60 Million Initial Public… – Press Release


NEW YORK, May 12, 2022 /PRNewswire/ —  Prime Number Acquisition I Corp. (the “Company”), a newly organized blank check company incorporated as a Delaware corporation today announced the pricing of its initial public offering of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of Class A common stock, one-half of one redeemable warrant, and one right. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock, and each right will entitle the holder thereof to receive one-eighth (1/8) of one share of Class A common stock upon the completion of an initial business combination. The exercise price of the warrants is $11.50 per full share. The units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “PNACU” beginning on May 13, 2022. Once the securities comprising the units begin separate trading, Class A common stock, warrants and rights will be traded on Nasdaq under the symbols “PNAC,” “PNACW,” and “PNACR,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. The offering is expected to close on May 17, 2022, subject to customary closing conditions.

Prime Number Capital, LLC and WestPark Capital, Inc. are acting as the representatives of the underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the initial public offering price to cover over-allotments, if any.

A registration statement on Form S-1 (File No. 333-262457) relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 12, 2022. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Prime Number Capital LLC, 1345 Avenue of Americas, Suite 2054, New York, New…