Pivotal Acquisition, Jon Ledecky's SPAC, prices $200 million IPO at $10
Pivotal Acquisition, a blank check company led by Jonathan Ledecky targeting the entertainment, logistics, and business tech industries, raised $200 million by offering 20 million units at $10, as expected.
Each unit consists of one share of common stock and one redeemable warrant exercisable at $11.50 per share.
Pivotal Acquisition plans to list on the NYSE under the symbol PVT.U. Cantor Fitzgerald acted as a lead manager on the deal.
The article Pivotal Acquisition, Jon Ledecky's SPAC, prices $200 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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