Pathfinder Acquisition priced its upsized IPO of 30 million units at $10 each.
Units start trading today on the Nasdaq under PFDRU. Each consists of one Class A ordinary share and one-fifth of one redeemable warrant. Each whole warrant entitles the holder to purchase 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 PFDR and PFDRW, respectively.
Pathfinder is jointly sponsored by affiliates of HGGC and Industry Ventures, and is led by Chairman Richard Lawson, Chief Executive Officer David Chung, and Chief Investment Officer Lindsay Sharma. The SPAC plans to focus on growth-oriented or technology-enabled targets that are at a key inflection point in their business evolution. Read more.
