CC Neuberger Principal Holdings III closed its IPO of 40.25 million units at $10 per unit, including the exercise in full by the underwriters of their option to purchase an additional 5.25 million units to cover over-allotments.
Units trade on the NYSE under PRPC.U. Once the securities comprising the units begin separate trading, shares and warrants are expected to be list under PRPC and PRPC.WS, respectively.
The SPAC has said it would target businesses with “compelling long-term growth, attractive competitive dynamics, consolidation opportunities and low risk of technological obsolescence.”
The SPAC is led by Chinh E. Chu, Matthew Skurbe, Douglas Newton, Jason K. Giordano, Charles Kantor and other senior executives of CC Capital and Neuberger Berman. Read more.
