Progress Acquisition priced its IPO of 12.5 million units at $10 each to raise $125 million. The SPAc offered 2.5 million addition units to upsize the offer 20 percent.
The SPAC is interested in targets involved in cutting-edge media, entertainment and digital technology.
Chairman Carl Vogel currently serves as an industry advisor to Kohlberg Kravis Roberts & Co., an American global investment company. Since May 2005, he has served on the board of DISH Network Corporation.
The SPAC’s units list on the Nasdaq under PGRWU. Read more.
