Growth-focused SPAC Aequi Acquisition prices $200 million IPO at $10

Aequi Acquisition, a blank check company targeting data-centric, growth-oriented companies with established business models, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

The company is led by Chairman and CEO Hope Taitz, who is currently CEO of ELY Capital and acts an investor and advisor for early stage companies, and CFO and Director Joy Seppala, who is the founder of value-driven investment fund SISU Capital. The SPAC plans to leverage its management team's experience to target data-centric, growth-oriented companies with established business models across a variety of industries, though it may focus on businesses driven by consumer demand and poised to benefit from evolving consumer preferences.

Aequi Acquisition plans to list on the Nasdaq under the symbol ARBGU. RBC Capital Markets and BofA Securities acted as lead managers on the deal.

The article Growth-focused SPAC Aequi Acquisition prices $200 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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