Noble Rock Acquisition priced its IPO of 21 million units at $10 per unit, an increase of 5 percent from the original planned offering of 20 million units filed last month.
The new SPAC said it will target a business in the software and tech-enabled services sectors, specifically companies with an aggregate enterprise value between $750 million and $3 billion.
Units begin trading today on the Nasdaq under NRACU. Once the securities comprising the units begin separate trading, shares and redeemable warrants will list under NRAC and NRACW, respectively. The offering is expected to close Feb. 4. Read more.
Noble Rock Acquisition Prices Upsized $210M IPO
