{"id":526369,"date":"2021-08-10T19:26:08","date_gmt":"2021-08-10T23:26:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/chardan-nextech-acquisition-2-corp-announces-pricing-of-upsized-110-million-initial-public-offering\/"},"modified":"2021-08-10T19:26:08","modified_gmt":"2021-08-10T23:26:08","slug":"chardan-nextech-acquisition-2-corp-announces-pricing-of-upsized-110-million-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chardan-nextech-acquisition-2-corp-announces-pricing-of-upsized-110-million-initial-public-offering\/","title":{"rendered":"Chardan NexTech Acquisition 2 Corp. Announces Pricing of Upsized $110 Million Initial Public Offering"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Aug. 10, 2021<\/span> \/PRNewswire\/ &#8212; Chardan NexTech Acquisition 2 Corp. (the &#8220;Company&#8221;) announced today the pricing of its upsized initial public offering of 11,000,000 units at a price of <span class=\"xn-money\">$10.00<\/span> per unit. The units are expected to be listed on the Nasdaq Capital Market (&#8220;Nasdaq&#8221;) and trade under the ticker symbol &#8220;CNTQU&#8221; beginning <span class=\"xn-chron\">August 11, 2021<\/span>. Each unit consists of one share of common stock and three-quarters of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of common stock at a price of <span class=\"xn-money\">$11.50<\/span> per share. Only whole warrants are exercisable. Once the securities comprising the units begin trading separately, the Company expects that the common stock and redeemable warrants will be listed on the Nasdaq under the symbols &#8220;CNTQ&#8221; and &#8220;CNTQW,&#8221; respectively.<\/p>\n<p>The offering is expected to close on <span class=\"xn-chron\">August 13, 2021<\/span>, subject to customary closing conditions.<\/p>\n<p>The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry, it currently intends to concentrate its search for a target business operating in disruptive technologies. The Company is led by its Chairman of the Board of Directors, <span class=\"xn-person\">Kerry Propper<\/span>, its Chief Executive Officer, <span class=\"xn-person\">Jonas Grossman<\/span>, and its Chief Financial Officer, <span class=\"xn-person\">Alex Weil<\/span>.<\/p>\n<p>Chardan is serving as sole book-running manager and B. Riley Securities, Inc. is acting as the qualified independent underwriter for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,650,000 units at the initial public offering price to cover over-allotments, if any.<\/p>\n<p>\n        <i>The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Chardan, 17 State Street, 21st Floor, <span class=\"xn-location\">New York, New York<\/span> 10004, or by calling (646) 465-9001.<\/i>\n      <\/p>\n<p>\n        <i>A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the &#8220;SEC&#8221;) on <span class=\"xn-chron\">August 10, 2021<\/span>. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/i>\n      <\/p>\n<p>\n        <b><br \/>\n          <i>Forward-Looking Statements<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <i>This press release contains statements that constitute &#8220;forward-looking statements,&#8221; including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company&#8217;s registration statement and preliminary prospectus for the Company&#8217;s offering filed with the SEC. Copies of these documents are available on the SEC&#8217;s website, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3256004-1&amp;h=518143865&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" rel=\"nofollow noopener\">www.sec.gov<\/a><\/u>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/i>\n      <\/p>\n<p>\n        <b><br \/>\n          <i>Contact<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Jonas Grossman<\/span><br \/>\n        <br \/>CEO, Chardan NexTech Acquisition 2 Corp.<br \/><a target=\"_blank\" href=\"mailto:jgrossman@cnaq.com\" rel=\"nofollow noopener\">jgrossman@cnaq.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY71556&amp;sd=2021-08-10\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/chardan-nextech-acquisition-2-corp-announces-pricing-of-upsized-110-million-initial-public-offering-301352787.html\">https:\/\/www.prnewswire.com\/news-releases\/chardan-nextech-acquisition-2-corp-announces-pricing-of-upsized-110-million-initial-public-offering-301352787.html<\/a><\/p>\n<p>SOURCE  Chardan NexTech Acquisition 2 Corp.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY71556&amp;Transmission_Id=202108101922PR_NEWS_USPR_____NY71556&amp;DateId=20210810\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Aug. 10, 2021 \/PRNewswire\/ &#8212; Chardan NexTech Acquisition 2 Corp. (the &#8220;Company&#8221;) announced today the pricing of its upsized initial public offering of 11,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market (&#8220;Nasdaq&#8221;) and trade under the ticker symbol &#8220;CNTQU&#8221; beginning August 11, 2021. Each unit consists of one share of common stock and three-quarters of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin trading separately, the Company expects that the common stock and redeemable warrants &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chardan-nextech-acquisition-2-corp-announces-pricing-of-upsized-110-million-initial-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Chardan NexTech Acquisition 2 Corp. Announces Pricing of Upsized $110 Million Initial Public Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-526369","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chardan NexTech Acquisition 2 Corp. Announces Pricing of Upsized $110 Million Initial Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chardan-nextech-acquisition-2-corp-announces-pricing-of-upsized-110-million-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chardan NexTech Acquisition 2 Corp. Announces Pricing of Upsized $110 Million Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Aug. 10, 2021 \/PRNewswire\/ &#8212; Chardan NexTech Acquisition 2 Corp. (the &#8220;Company&#8221;) announced today the pricing of its upsized initial public offering of 11,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market (&#8220;Nasdaq&#8221;) and trade under the ticker symbol &#8220;CNTQU&#8221; beginning August 11, 2021. Each unit consists of one share of common stock and three-quarters of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin trading separately, the Company expects that the common stock and redeemable warrants &hellip; Continue reading &quot;Chardan NexTech Acquisition 2 Corp. 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