Technology, media, and telecommunications-focused SPAC 890 5th Avenue Partners announced it has closed its $287.5 million IPO. The raise included the full exercise of the underwriters’ over-allotment option.
The SPAC is focused on the TMT space, especially companies with enterprise valuations in the range of $750 million to $2 billion or more.
890 5th Avenue is led by Executive Chairman Adam Rothstein, co-founder and general partner of Disruptive Technology Partners, an Israeli technology-focused early-stage investment fund.
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