NEW YORK, Sept. 30, 2020 /PRNewswire/ — Qell Acquisition Corp. (Nasdaq: QELLU, the “Company”) announced today that it priced its initial public offering of 33,000,000 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 “QELLU” beginning September 30, 2020. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant enables the holder thereof to purchase one Class A ordinary share at $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “QELL” and “QELLW,” respectively.
The Company intends to focus its search for a target in the next-generation mobility, transportation and sustainable industrial technology sectors, but may pursue a