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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.

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.


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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