Westin Acquisition Corp priced its IPO of 5 million units at $10 each, set to trade on Nasdaq starting November 4, 2025.
Quiver AI Summary
Westin Acquisition Corp, a blank check company based in the Cayman Islands, announced the pricing of its initial public offering (IPO) of 5,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one right to receive one-sixth of a Class A ordinary share upon a successful business combination. The units are expected to trade on Nasdaq under the ticker "WSTNU" starting November 4, 2025, with the IPO closing on November 5, 2025, pending customary conditions. A.G.P./Alliance Global Partners is the sole book-running manager, and there is an option for underwriters to purchase additional units to cover over-allotments. Westin Acquisition Corp aims to identify target businesses for mergers or acquisitions globally, focusing on opportunities in North America, South America, Europe, and Asia, and is led by CEO Kok Peng Na and CFO Stanney Patrick Majawit. The registration statement for this offering has been filed with the SEC.
Potential Positives
- The company successfully priced its initial public offering (IPO) at $10.00 per unit, indicating strong investor interest and confidence in its future.
- The IPO includes an offering of 5,000,000 units, allowing for substantial capital generation that can be used for future business combinations.
- The units are expected to trade on Nasdaq beginning November 4, 2025, providing the company with visibility and enhancing its market presence.
- The Company has granted underwriters a 45-day option to purchase additional units, potentially increasing the total capital raised from the offering.
Potential Negatives
- As a blank check company, Westin Acquisition Corp’s future business prospects are uncertain, which may lead to skepticism among potential investors regarding the viability and profitability of its operations.
- The offering includes a significant over-allotment option for underwriters, which could indicate a lack of confidence in the initial demand for the IPO and the need to incentivize sales.
- Investors may be wary given the forward-looking statements that emphasize uncertainties surrounding the completion of the offering and the potential use of proceeds, suggesting a higher risk profile.
FAQ
What is the offering price for Westin Acquisition Corp's IPO?
The offering price for the IPO is $10.00 per unit.
When will Westin Acquisition Corp's shares begin trading?
The shares are expected to begin trading on Nasdaq on November 4, 2025.
What does each unit in the IPO comprise?
Each unit consists of one Class A ordinary share and one right to receive one-sixth (1/6) of a Class A ordinary share.
Who is the book-running manager for the IPO?
A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering.
Where can investors find the final prospectus for the IPO?
The final prospectus will be available on the SEC’s website at http://www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
New York, New York, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Westin Acquisition Corp, a blank check company incorporated in the Cayman Islands as an exempted company (the “Company”), today announced the pricing of its initial public offering (“IPO”) of 5,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-sixth (1/6) of one Class A ordinary share upon the consummation of an initial business combination. The units are expected to trade on The Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “WSTNU” beginning November 4, 2025. The Company expects the IPO to close on November 5, 2025, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the rights are expected to be traded on Nasdaq under the symbols “WSTN” and “WSTNR,” respectively.
A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering.
The Company has granted the underwriters a 45-day option to purchase up to 750,000 units at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.
Celine and Partners, P.L.L.C. is serving as US legal counsel to the Company and Loeb & Loeb LLP is serving as legal counsel to A.G.P./Alliance Global Partners in the offering.
A registration statement on Form S-1 relating to the securities (File No. 333-288889 ) was previously filed with the Securities and Exchange Commission ("SEC") and became automatically effective on October 29, 2025 pursuant to Section 8(a) of the Securities Act of 1933, as amended. This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus, when available, may be obtained on the SEC’s website at http://www.sec.gov . Electronic copies of the final prospectus, when available, may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected] .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Westin Acquisition Corp
The Company is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. While the Company intends to conduct a global search for target businesses without being limited by a particular industry, the Company intends to focus on identifying a prospective target business in North America, South America, Europe, or Asia. The Company is led by Mr. Kok Peng Na, the Company’s Chief Executive Officer and Mr. Stanney Patrick Majawit, the Company’s Chief Financial Officer.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov . The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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