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Friday, August 25, 2023

Equity Corporate Actions Alert #2023 - 488
Information Regarding the Business Combination of Prime Number Acquisition I Corp. (PNAC/R/W/U) and noco-noco Inc.

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  • Industry Announcement

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The business combination of Prime Number Acquisition I Corp. (PNAC/R/W/U) and noco-noco Inc. (NCNC/W) was completed today, August 25, 2023. As a result of the business combination, the common stock, right, warrant, and unit of Prime Number Acquisition I Corp. (PNAC/R/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Prime Number Acquisition I Corp. Class A Common Stock
CUSIP#: 74168P107
Symbol: PNAC
Last Trading Date: August 25, 2023
Marketplace Effective Date for Suspension: August 28, 2023
Merger Consideration: One (1) noco-noco Inc. Ordinary Share (NCNC) for each share held.
Company Name/Issue: Prime Number Acquisition I Corp. Right
CUSIP#: 74168P123
Symbol: PNACR
Last Trading Date: August 25, 2023
Marketplace Effective Date for Suspension: August 28, 2023
Merger Consideration: One (1) noco-noco Inc. Ordinary Share (NCNC) for every eight (8) rights held.
Company Name/Issue: Prime Number Acquisition I Corp. Warrant
CUSIP#: 74168P115
Symbol: PNACW
Last Trading Date: August 25, 2023
Marketplace Effective Date for Suspension: August 28, 2023
Merger Consideration: One (1) noco-noco Inc. Warrant expiring 8/25/2028 (NCNCW) for each warrant held.
Company Name/Issue: Prime Number Acquisition I Corp. Unit
CUSIP#: 74168P206
Symbol: PNACU
Last Trading Date: August 25, 2023
Marketplace Effective Date for Suspension: August 28, 2023
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list its ordinary shares (NCNC) and the warrants (NCNCW) on the Nasdaq Capital Market and will be domiciled in the Cayman Islands. The details are as follows:

Company Name/Issue: noco-noco Inc. Ordinary Share
CUSIP#: G7243P109
Symbol: NCNC
Marketplace Effective Date: August 28, 2023

Company Name/Issue: noco-noco Inc. Warrant expiring 8/25/2028
CUSIP#: G7243P117
Symbol: NCNCW
Marketplace Effective Date: August 28, 2023

If you would like to register as a market maker in NCNC or NCNCW contact Nasdaq Trading Services at +1 212 231 5100.


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