Lazard Growth Acquisition I closed its IPO of 57.5 million units at $10 each, including 7.5 million units issued under the full exercise of the underwriter’s option.
Units list on the Nasdaq under LGACU. Each consists of one Class A ordinary share and one-fifth of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to be list under LGAC and LGACW, respectively.
The SPAC is targeting growth-oriented subsectors of the healthcare, technology, energy transition, financial and consumer sectors. Read more.
