IPOs

SPAC American Acquisition Opportunity prices $100 million IPO

American Acquisition Opportunity, a blank check company formed by the founders of Land Betterment Corp targeting land and resource holding companies, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Mark Jensen and CFO, President, and Director Kirk Taylor, the founders of benefit corporation Land Betterment Corp, where they serve as Executive Chairman and President, respectively. The company plans to focus on opportunities with land and resource holdings companies, with the potential to create, support, and/or innovate for the new economy. The universe of potential targets may include companies controlling or owning the natural resources used in supporting and creating a resilient and critical domestic supply chain, including transportation, green infrastructure, and sustainable logistics.

American Acquisition Opportunity plans to list on the Nasdaq under the symbol AMAOU. Kingswood Capital Markets acted as a lead manager on the deal.

The article SPAC American Acquisition Opportunity prices $100 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'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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