Amanat Acquisition Corp has completed the pricing for its initial public offering, setting the sale at 7.5 million Class A ordinary shares priced at $10.00 per share for gross proceeds of $75.0 million. The special purpose acquisition company expects its shares to begin trading on the Nasdaq Capital Market under the ticker AMAN.
The transaction is scheduled to close on May 20, 2026, subject to customary closing conditions. Leerink Partners is the sole bookrunning manager on the deal.
The company has given the underwriter a 45-day option to purchase up to an additional 1.125 million Class A ordinary shares at the IPO price to cover potential over-allotments. If that option is fully exercised, the size of the offering would increase to $86.25 million.
Amanat Acquisition Corp was formed as a Cayman Islands exempted company with the purpose of identifying and completing a merger, acquisition or similar business combination. The company has stated its intention to concentrate on opportunities in healthcare or industries related to healthcare.
The registration statement for the securities was declared effective by the U.S. Securities and Exchange Commission on May 18, 2026. Leadership at the firm includes Chairman Dr. Sandeep C. Kulkarni, Chief Executive Officer Dr. Pavan Cheruvu and Chief Financial Officer Nicholas Fernandez.
The company emphasized that it has not selected any particular target for an initial business combination and has not engaged in substantive discussions with potential targets regarding such a combination.
Context and structure of the offering
The offering structure follows a conventional SPAC approach: a defined pool of Class A shares priced at a fixed IPO price, an over-allotment option for the underwriter, a Nasdaq listing plan and a clear timeline for closing subject to customary conditions. The companys stated sector focus is healthcare and healthcare-related fields.
What remains open
At the time of the pricing, Amanat Acquisition Corp had not disclosed any target companies or reported substantive negotiations with potential partners for an initial business combination.