Vector Acquisition, a blank check company formed by Vector Capital targeting the tech industry, raised $300 million by offering 30 million shares 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 CEO and Chairman Alex Slusky.
The San Francisco, CA-based company plans to list on the Nasdaq under the symbol VACQU. Deutsche Bank and BofA Securities acted as lead managers on the deal.
The article Vector Capital's tech SPAC Vector Acquisition prices $300 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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