Periphas Capital Partnering priced its IPO of 14.4 million CAPs (Capital which Aligns and Partners with a Sponsor) at $25 each. The $360 million raise is $60 million more than the SPAC initially planned, as noted in its October S-1 filing, following the registration of an additional 2.76 million units. The offering is epected to close Dec. 14.
The CAPS™ begin trading today on the NYSE under “PCPC.U”. Once the securities comprising the CAPS™ begin separate trading, shares and warrants are expected to list listed under “PCPC” and “PCPC WS,” respectively.
Periphas will focus on tech-enabled companies, consumer businesses, industrials and business services. Read more.
Periphas Capital Upsizes IPO to $360M
