NightDragon Acquisition priced its IPO of 30 million SCALE Stakeholder-Centered Aligned Listed Equity) units at $10 per unit.
SCALE units begin trading today on the Nasdaq under NDACU. Each consists of one share of Class A common stock and one-fifth of a redeemable warrant. Each whole warrant is exercisable to purchase a share of Class A common stock at $11.50. Once the securities comprising the SCALE units begin separate trading, the stock and warrants will list under NDAC and NDACW, respectively.
NightDragon intends to focus its acquisition search on the cybersecurity, safety, security and privacy sector. Read more.
