Asia Special Situation Acquisition Corp., a SPAC intending to focus on the leisure and hospitality or financial services industries in China, priced its 10 million unit offering on Wednesday at the expected $10 per unit. The company's Chairman and CEO, Angela Ho, served as a director of pharmaceutical company BioSante between 1996 and 2001. The units are expected to begin trading on the American Stock Exchange on Thursday under the ticker CIO.U. Maxim Group was the lead underwriter on the deal.
