Growth Capital Acquisition today priced its IPO of 15 million units at $10 each after previously trimming the original offer by 17 percent to $125 million.
The new SPAC plans to focus on three areas:
Global emerging growth and lower-to-middle market companies with aggregate enterprise values of approximately $300 million to $1.5 billion;
Strong platforms within niche market segments that and would benefit from access to the public markets; and
Management teams that have showcased industry leading operational expertise and a track record of providing returns to investors.
Units begin trading today on the Nasdaq under GCACU. Read more.
