Altitude Acquisition (Nasdaq: ALTUU) announced that it closed its IPO of 30,000,000 units, including 3,900,000 units issued for the exercise by the underwriters of their over-allotment option. The offering was priced at $10 per unit, generating proceeds of $300 million.
Once the securities begin separate trading, the shares and warrants are expected to be listed under “ALTU” and “ALTUW,” respectively.
Altitude intends to focus on travel, travel technology and travel-related businesses with an enterprise value of $1 billion or more with either business-to-business (“B2B”) or business-to-consumer (“B2C”) focuses. Read more.
