Colicity priced its IPO of 30 million units at $10 each, an upsize of 2.5 million more units than expected.
Units begin trading today on the Nasdaq under COLIU. Each consists of one Class A share and one-fifth of one redeemable warrant, with each whole warrant exercisable to purchase one Class A share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under COLI and COLIW, respectively.
The offering is expected to close Feb. 26.
Colicity intends to focus on businesses that operate within the Technology, Media and Telecommunications sectors. Read more.
