X3 Acquisition Corp. Ltd. Issues Additional Warrants and Shares After Over-Allotment Option Closing
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X3 Acquisition Corp. Ltd. has issued an additional 375,000 private placement warrants to its sponsor, generating $375,000 in gross proceeds. This issuance coincided with the closing of the underwriters’ partial over-allotment option, which involved the sale of 2,500,000 units, raising $25 million. Each warrant allows the purchase of one Class A ordinary share at $11.50, subject to adjustments.
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