NEW YORK–(BUSINESS WIRE)–CM Seven Star Acquisition Corporation, (NASDAQ:CMSSU) announced the pricing of its initial public offering of 18,000,000 units at an offering price of $10.00 per unit, before underwriting discounts and commissions. Each unit consists of one ordinary share, one-half of a redeemable warrant and one right. Each whole redeemable warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share. Each ten rights entitle the holder thereof to receive one ordinary share at the closing of a business combination. In addition, the Company has granted to the underwriters a 45-day option to purchase up to an additional 2,700,000 units at the initial public offering price per unit, before underwriting discounts and commission.

The units are expected to begin trading tomorrow, October 26, 2017 on the NASDAQ Capital Market under the ticker symbol “CMSSU.” On or prior to January 23, 2018, each unit will become separable into each of its components and each such component security will begin trading separately. The ordinary shares are expected to trade on The NASDAQ Capital Market under the ticker symbol “CMSS,” the warrants are expected to trade under the ticker symbol “CMSSW,” and the rights are expected to trade under the ticker symbol “CMSSR.”

EarlyBirdCapital, Inc. acted as sole book-running manager and I-Bankers Securities acted as co-manager of the offering. The offering is being made only by means of a prospectus, copies of which may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate Department, 212-661-0200.