Nebula Caravel Acquisition announced the closing of its IPO of 27,500,000 units, which includes 2,500,000 units issued for the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10 per unit, resulting in gross proceeds of $275 million.
The tech-focused SPAC trades on the Nasdaq under “NEBCU”. When the securities comprising the units begin separate trading, the stock and warrants are expected to be listed under “NEBC” and “NEBCW,” respectively.
Nebula Caravel said it also has forward purchase agreements with several institutional accredited investors, including True Wind Capital and its affiliated funds, that will provide for the aggregate purchase of at least $100 milion of Class A common stock at $10 per share. Read more.
