04:46 PM EDT, 10/25/2024 (MT Newswires) -- Charlton Aria Acquisition ( CHARU ) said late Friday it has closed its initial public offering of 7.5 million units at $10 per unit for gross proceeds of $75 million.

Each unit consists of one class A ordinary share and one right to receive one-eighth of a class A ordinary share. The shares and the rights are expected to be listed on Nasdaq under the tickers CHAR and CHARR, respectively, once they start trading, the company said.

The units began trading on Nasdaq under the ticker symbol CHARU on Thursday.