Noble Rock Acquisition closed its IPO of 24.15 units, which included the full exercise of the underwriters’ over-allotment option. The offering was priced at $10 per unit, resulting in gross proceeds of $241 million before deducting underwriting discounts, commissions and other offering expenses.
Units trade on the Nasdaq under NRACU.
The SPAC has 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. Read more.
