B. Riley Principal 150 Merger priced its IPO of 15 million units at $10 each.
Units begin trading today on the Nasdaq under BRPMU. Each consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable to purchase a share of Class A common stock at $11.50. After the securities comprising the units begin separate trading, shares and warrants are expected to list under BRPM and BRPMW, respectively.
The offering is expected to close Feb 23.
This is B. Riley Financial’s third SPAC, which intends to focus on “established businesses that have an aggregate enterprise value of approximately $300 million to $1 billion. Read more.
