Investing.com -- Perimeter Acquisition Corp. I started trading on the Nasdaq Global Market today, with its shares opening at $10.10 each. This comes after the special purpose acquisition company (SPAC) priced its upsized initial public offering (IPO) at $10 per unit yesterday.

The SPAC, listed under the ticker symbol Nasdaq:PMTRU, yesterday announced the pricing of its IPO, which consisted of 21,000,000 units. Each unit includes one ordinary share and half of one redeemable warrant.

Citigroup (NYSE: C ) Global Markets Inc. acted as the sole book-running manager for the offering. They have been given a 45-day option to buy up to an additional 3,150,000 units from the company to cover any over-allotments.

As planned, once the securities within the units start trading separately, the ordinary shares and warrants are predicted to be listed on Nasdaq under the symbols “PMTR” and “PMTRW” respectively.

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