Tenzing Acquisition, a blank check company formed to acquire a business in India, raised $55 million by offering 5.5 million units at $10. The company offered an additional 500,000 units, raising 10% more than anticipated. Each unit consists of one ordinary share and one warrant with an exercise price of $11.50 per share.
Tenzing Acquisition plans to list on the Nasdaq under the symbol TZACU. Maxim Group LLC acted as a lead manager on the deal.
