UCSB Acquisition Corp.

S-1 filed

Price $8.00 · 6,000,000 shares · Gross proceeds $48,000,000

UCSB Acquisition Corp. is conducting an IPO with 6,000,000 units at $10.00 per unit, led by US Tiger Securities as sole underwriter. The offering includes a $0.0625 per unit underwriting discount, with a $375,000 total discount (up to $431,250 if the over-allotment option is exercised). The company plans to list on NASDAQ under symbols UCSBU, UCSB, and UCSBR. Founder shares and private units are subject to lock-up restrictions, with founder shares releasing after 6 months post-business combination or specific stock price milestones. The filing emphasizes tax implications, including backup withholding for U.S. and non-U.S. holders, and underwriter activities like short selling and stabilizing transactions.

DRS filed

UCSB Acquisition Corp. is conducting a $100 million (up to $115 million with over-allotment) initial public offering (IPO) to raise capital for a business combination. The offering includes units comprising ordinary shares and rights, which will be listed on NASDAQ. The company has a 18-month deadline to complete a business combination, with proceeds held in a trust account. A private placement of 203,775 units is also underway, and founder shares are subject to transfer restrictions and potential forfeiture. The sponsor has agreed to waive redemption rights for shares, and the company may seek extensions to the business combination timeline.