IPOs

Gabelli-led black check LGL Systems Acquisition prices upsized $150 million IPO at $10

LGL Systems Acquisition, a blank check company led by Marc Gabelli and executives from L3 Technologies targeting the defense industry, raised $150 million by offering 15 million units at $10. The company upsized its offering by 2.5 million units, raising an additional $25 million. LGL Systems Acquisition plans to list on the Nasdaq under the symbol DFNSU. Jefferies acted as lead manager on the deal.

The article Gabelli-led black check LGL Systems Acquisition prices upsized $150 million IPO at $10 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's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts 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.

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