Avalon Acquisition Inc. Announces Pricing of Upsized $180.0 Million Initial Public Offering

SAN FRANCISCO, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Avalon Acquisition Inc. (the “Company”), a newly organized blank check company incorporated as a Delaware company, today announced the pricing of its initial public offering of 18,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of Class A common stock and three-fourths of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “AVACU” beginning October 6, 2021. Once the securities comprising the units begin separate trading, the shares of Class A common stock and the warrants are expected to be traded on Nasdaq under the symbols “AVAC” and “AVACW,” respectively.

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