Crown PropTech Acquisitions closed its IPO of 27.6 million units at a price of $10 per unit, including 3.6 million units sold to the underwriters pursuant to the full exercise of the over-allotment option.
Units trade on the NYSE under CPTK.U. Each consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50. After the securities comprising the units begin separate trading, shares and warrants are expected to list under CPTK and CPTK WS, respectively.
The SPAC intends to concentrate on businesses that provide technological innovation to the broader real estate ecosystem. Read more.
