Chardan acted as sole book running manager for Wealthbridge Acquisition $50M IPO

February 5, 2019

NEW YORK, Feb. 5, 2019 /PRNewswire/ -- Wealthbridge Acquisition Limited (NASDAQ: HHHHU, the "Company") announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The units are expected to be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "HHHHU" beginning tomorrow, February 6, 2019. Each unit consists of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares, rights and warrants are expected to be listed on NASDAQ under the symbols "HHHH," "HHHHR," and "HHHHW," respectively.

The underwriters have been granted a 45-day option to purchase up to an additional 750,000 units offered by the Company to cover over-allotments, if any.

The offering is expected to close on February 8, 2019, subject to customary closing conditions.

Chardan acted as sole book running manager in the offering.  CIM Securities, LLC is acting as co-manager.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 5, 2019. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Chardan Capital Markets, LLC, 17 State Street, 21st floor, New York, New York 10004. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Source: Wealthbridge Acquisition Limited

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