Mars Acquisition Corp

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MARS Acquisition Corp. is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on April 23, 2021 and is headquartered in New York, NY.

ScanTech is an innovator of security screening systems, seeking to promote safer environments worldwide. Pro forma enterprise value of the combined company is expected to be approximately $149.5 million with cash on hand of approximately $68 million, assuming no redemptions by Mars shareholders.

ScanTech Identification Beam Systems to Become a Publicly Traded Company Via Business Combination with Mars Acquisition Corp.

NEW YORK , Feb. 16, 2023 /PRNewswire/ -- Mars Acquisition Corp. (Nasdaq:MARXU) (the "Company"), a Cayman Islands exempted company incorporated as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its previously announced initial public offering of 6,900,000 units at an offering price of $10.00 per unit, which includes 900,000 units issued pursuant to the full exercise of the underwriter's over-allotment option, for aggregate gross proceeds to the Company of $69,000,000. Each unit consists of one ordinary share and one right.

Mars Acquisition Corp. Announces Closing of $69 Million Initial Public Offering, Including Full Exercise of Underwriter's Over-Allotment Option

NEW YORK , Feb. 13, 2023 /PRNewswire/ -- Mars Acquisition Corp. (the "Company"), a newly incorporated blank check company incorporated as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one right. Each right entitles the holder thereof to receive two-tenths (2/10) of one ordinary share upon consummation of the Company's initial business combination.

Mars Acquisition Corp. Announces Pricing of $60 Million Initial Public Offering

News for Mars Acquisition Corp Stock (MARXU)