Music Acquisition Corporation priced its IPO of 20 million units at $10 each to raise $200 million.
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.
Units begin trading today on the NYSE under TMAC.U. Read more.
