Bite Acquisition priced its upsized IPO of 17.5 million units at $10 each — a 17 percent increase from the anticipated offer of 15 million units.
Units begin trading today on the NYSE under BITE.U. Each consists of one share of common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase a share of common stock at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to trade under BITE and BITE WS, respectively.
The blank check company will focus on the traditional and non-traditional restaurant sectors in North America.
The offering is expected to close Feb. 17. Read more.
