Tenzing Acquisition Corp. (NASDAQ: TZACU ), a company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, today announced the closing of its upsized initial public offering of 5,500,000 units at a price to the public of $10.00 per unit. The units commenced trading on Tuesday, August 21, 2018 on The NASDAQ Capital Market ("NASDAQ") under the symbol "TZACU." Each unit issued in the IPO consists of one ordinary share and one warrant to acquire one ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on NASDAQ under the symbols "TZAC" and "TZACW," respectively.

Maxim Group LLC acted as sole book-running manager for the IPO. Tenzing has granted the underwriters a 45-day option to purchase up to 825,000 additional units at the initial public offering price to cover over-allotments, if any.

ABOUT TENZING

Tenzing is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a target business will not be limited to a particular industry or geographic region, although it intends to focus its search on target businesses that operate in India.