A blank check after bankruptcy: Mudrick Capital Acquisition files for a $200 million IPO
Mudrick Capital Acquisition, a blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $200 million by offering 20 million units at a price of $10. Each unit consists of one ordinary share and one warrant exercisable at $11.50. At $10 per unit, Mudrick Capital Acquisition would command a market value of $250 million.
Mudrick Capital Acquisition was formed in 2017 and plans to list on the Nasdaq under the symbol MUDS.U. Cantor Fitzgerald is the sole bookrunner on the deal. IPO timing has not been determined.
The article A blank check after bankruptcy: Mudrick Capital Acquisition files for a $200 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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