The Music Acquisition Corporation filed with the SEC to offer 20 million units at $10 each to raise $200 million in an IPO.
The new SPAC intends to focus on companies with music content and new business models driven by technological innovation, social interaction, and consumer connectivity.
The SPAC is led by Chairman and CEO Neil Jacobson, who is a 20-year veteran of the music business. Jacobson spent the majority of his career at Interscope Geffen A&M Records, a subsidiary of Universal Music Group, where he held positions as a publicist, senior VP and executive VP, according to the S-1 filing.
The SPAC plans to list on the NYSE under TMAC.U. Read more.
