ALSP Orchid Acquisition Corporation I Announces Pricing of $150 Million Initial Public Offering

SEATTLE, Nov 19 (Bernama-BUSINESS WIRE) — ALSP Orchid Acquisition Corporation I (the “Company” or “ALSP Orchid”) today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “ALORU” beginning on November 19, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “ALOR” and “ALORW,” respectively. The offering is expected to close on November 23, 2021, subject to customary closing conditions.

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