CBRE Acquisition Holdings announced that Morgan Stanley exercised in full its over-allotment option to purchase an additional 5,250,000 SAIL (Stakeholder Aligned Initial Listing) securities at the IPO price of $10 per security. The exercise of the over-allotment option is expected to close tomorrow. As a result, CBRE’s raise is expected to be approximately $402.5 million.
Securities in the Dallas-based real estate SPAC trade on the NYSE under “CBAH.U”. Read more.
