10X Capital Venture Acquisition announced the closing of the issuance of an additional 2.625 million units pursuant to the exercise of the underwriters’ over-allotment option in full in connection with the company’s IPO. The additional units netted $26.25 million, and bringing total gross proceeds of the IPO to $201.25 million.
10X said it intends “to focus on identifying high growth technology and tech-enabled businesses domestically and abroad in the consumer internet, ecommerce, software, healthcare and financial services industries, as well as other industries that are being disrupted by advances in technology and on technology paradigms including artificial intelligence, automation, data science, ecommerce and Software-as-a-Service.” Read more.
