Charlton Aria Acquisition Corp. [CHARU]
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This security represents units issued by Charlton Aria Acquisition Corp., a special purpose acquisition company. Each unit typically bundles together common stock and warrants or rights into a single tradable security. Units are commonly sold during a SPAC's initial public offering, giving investors combined exposure to the equity and potential upside through derivative securities. Following a specified period after the IPO, the units typically separate into their individual components, which then trade independently on the exchange. The unit structure provides investors with a packaged participation option in the SPAC opportunity. Investors who purchase units receive all component securities together, which may include one common share plus a fraction of a warrant or right to purchase additional shares at a later date.