Newborn Acquisition Corp. (NASDAQ: NBACU) announced today that it priced its initial public offering of 5,000,000 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 "NBACU" beginning today, February 14, 2020. Each unit consists of one ordinary share, one warrant to purchase one-half of one ordinary share and one right to receive one-tenth of one ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on NASDAQ under the symbols "NBAC," "NBACW," and "NBACR," respectively.

In addition, the underwriters have fully exercised the over-allotment option to purchase an additional 750,000 units offered by the Company to cover over-allotments.

The offering is expected to close on February 19, 2020, subject to customary closing conditions.

Chardan acted as sole book running manager in the offering.

About Newborn Acquisition Corp.

Newborn Acquisition Corp. is a blank check 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. Newborn Acquisition Corp.'s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on operating businesses domiciled in and around Asia (excluding China) and the United States.