Swiftmerge Acquisition Corp. Announces Partial Exercise and Closing of Underwriter's Over-Allotment Option

Jan 18, 2022

Swiftmerge Acquisition Corp. (the “Company”) announced today that it closed the issuance of 2,500,000 units at a public offering price of $10.00 per unit, generating additional gross proceeds of $25,000,000, pursuant to the partial exercise of the underwriter’s option to purchase additional units in connection with the Company’s initial public offering. After giving effect to the partial exercise of the option, an aggregate of 22,500,000 units have been issued in the initial public offering for aggregate gross proceeds of $225,000,000.

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