ARLINGTON, Va.--(BUSINESS WIRE)--EJF Acquisition Corp. today announced the launch of its initial public offering of 25,000,000 units, at a price of $10.00 per unit. The Company has applied to have its units approved for listing on The Nasdaq Stock Market LLC under the ticker symbol “EJFAU.” Each unit will consist of one of the Company’s Class A ordinary shares and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $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 Nasdaq under the ticker symbols “EJFA” and “EJFAW,” respectively.

EJF is a newly organized blank-check Cayman Islands exempted company formed by Wilson Boulevard LLC, for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets.

UBS Investment Bank and Barclays are acting as the joint book-running managers for the offering. The Company intends to grant the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.