ESH Acquisition Corp. (ESHAU) (the “Company”) today announced the pricing of its initial public offering of 10,000,000 units, at a price to the public of $10.00 per unit. The units will be listed on The Nasdaq Stock Market LLC (the “Nasdaq”) and will trade under the ticker symbol “ESHAU” beginning on June 14, 2023. Each unit consists of one share of Class A common stock and one right. Each right entitles the holder to receive one-tenth (1/10) of one share of its Class A common stock upon the consummation of the Company’s initial business combination. After the securities comprising the units begin separate trading, the shares of Class A common stock and the rights are expected to be listed on the Nasdaq under the symbols “ESHA” and “ESHAR,” respectively. The offering is expected to close on or about June 16, 2023, subject to the satisfaction of customary closing conditions.
I-Bankers Securities, Inc. and IB Capital LLC are acting as joint book-running managers for the offering and Dawson James Securities, Inc. is acting as co-manager of the offering. The underwriters have been granted a 30-day option to purchase up to an additional 1,500,000 units offered by the Company to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus related to this offering may be obtained from I-Bankers Securities, Inc. at 2500 N Military Trail, Suite 160-A, Boca Raton, FL 33431.
A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (“SEC”) on June 13, 2023. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, 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.