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InvestorNewsBreaks – Cetus Capital Acquisition Corp. (NASDAQ: CETUU) Secures $57.5M in Initial Public Offering, Over-Allotment Option

Cetus Capital Acquisition Corp. (NASDAQ: CETUU) recently announced that it closed its initial public offering of 5,000,000 units at $10.00 per unit. Each unit consists of one share of Cetus Capitals’ Class A common stock, one redeemable warrant and one right. In addition, the underwriters exercised, in full, their over-allotment option for an additional 750,000 units at the time of closing of the offering. As a result, the aggregate gross proceeds, including the over-allotment, are $57.5 million prior to deducting underwriting discounts, commissions and other expenses. The units commenced trading on the Nasdaq Capital Market under the ticker symbol CETUU on Wednesday, Feb. 1, 2023. Once the securities comprising the units begin separate trading, the Class A common stock, warrants and rights will be listed on the Nasdaq under the symbols CETU, CETUW and CETUR, respectively. EF Hutton, division of Benchmark Investments LLC, served as the sole book running manager for the offering. Pryor Cashman LLP served as legal counsel to the company, and Sichenzia Ross Ference LLP served as counsel to EF Hutton.

To view the full press release, visit https://ibn.fm/BDQ1z

About Cetus Capital Acquisition Corp.

Cetus Capital is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company has not selected any specific business combination target and has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target. Although the company’s efforts to identify a target business will not be limited to any particular industry or geographic region, the company will not consider or undertake a business combination with an entity or business that is based in, or that has its principal or a majority of its business operations (either directly or through any subsidiaries) in, the People’s Republic of China, including Hong Kong and Macau, and it will not consummate its initial business combination with an entity or business with China operations consolidated through a variable interest entity (“VIE”) structure. However, the company intends to focus its search for a target business in the industrials, information technology and internet-of-things industries with an intention to initially prioritize Taiwan. The company is led by Chung-Yi Sun, its chief executive officer, president and chairman of the board of directors.

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