Duddell Street Acquisition Corp. Announces Closing of $175 Million Initial Public Offering

HONG KONG--(BUSINESS WIRE)--Duddell Street Acquisition Corp. (the “Company”) announced the closing today of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units began trading on the Nasdaq Capital Market (the "Nasdaq") under the ticker symbol "DSACU" on October 29, 2020. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be listed on the Nasdaq under the symbols "DSAC" and "DSACW," respectively.