Constellation Acquisition I priced its IPO of 30 million units at $10 per unit.
Constellation I intends to focus on a target “that is at the forefront of change in one of several rapidly changing segments of the global economy,” driven either by digitization of business processes, the rising global middle class and their increased focus on personal well-being or the pace and impact of disruptive innovation, the filing states.
The SPAC is led by CEO and Chairman Klaus Kleinfeld, former CEO of NEOM, Arconic, and Alcoa.
Units begin trading on the NYSE today under CSTA.U. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants will list under CSTA and CSTA WS, respectively. Read more.
