Atlantic Acquisition, a blank check company formed to acquire a business operated by and/or serving Asian-Americans, raised $40 million by offering 4.0 million units at $10. Units consist of one share of common stock and one right to receive one-tenth of a share of common stock upon the consummation of an initial business combination. Atlantic Acquisition plans to list on the Nasdaq under the symbol ATACU. Chardan Capital Markets acted as a lead manager on the deal.
