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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.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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