North Atlantic Acquisition offered 3 million more units than expected to price its IPO of 33 million units at $10 each. The $330 million raise represents a 10 percent increase from the SPAC’s initial registration with the SEC earlier this month.
The new SPAC is focused on targets that operate in Europe in the consumer, industrials and telecommunications sectors.
North Atlantic Acquisition is led by Chairman Andrew Morgan, whose 27-year career at Diageo, one of the world’s largest alcoholic beverage companies, included managing the acquisition of global brands.
The SPAC’s units will trade on the Nasdaq under NAACU. Read more.
