Opes Acquisition, a blank check company formed by Axis Capital Management to acquire a Mexican business, raised $100 million by offering 10 million units at $10, as expected. At that price, Opes Acquisition commands a market value of $129 million. Each unit consists of one share of common stock and one warrant exercisable at $11.50.
Opes Acquisition plans to list on the Nasdaq under the symbol OPESU. EarlyBirdCapital acted as a lead manager on the deal.
