Ark Global Acquisition offered 5 million more $10 units than initially planned to raise $300 milion in an IPO. The SPAC in December filed with the SEC to offer 25 million units for a $250 million raise.
The SPAC will target the disruptive technology sector with a spotlight on Consumer Internet and Marketplaces, Healthtech, Fintech and Mobility.
Ark is led by CEO Rich Williams, former CEO of Groupon.
Ark’s units trade on the Nasdaq under ARKI.U. Read more.
