SilverBox Engaged Merger I priced its IPO of 30 million units at $10 each.
Units start trading today on the Nasdaq under SBEAU. Each consists of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable for a share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under SBEA and SBEAW, respectively.
The offering is expected to close March 2.
The SPAC plans to leverage the expertise and background of its leadership team to identify an acquisition with an aggregate enterprise value greater than $1 billion. Read more.
