SportsTek Acquisition priced its IPO of 15 million units at $10 per unit.
Units beging trading today on the Nasdaq under SPTKU. Each consists of one share of the company’s Class A common stock and one-half of one redeemable warrant. A whole warrant entitles the holder to purchase a share of common stock at a price of $11.50. Once the securities comprising the units begin separate trading, stock and warrants will list under SPTK and SPTKW respectively.
SportsTek intends to focus on a target within the sports and related sectors including sports franchises, media, data analytics, and technology and services businesses serving those end markets. Read more.
