Austerlitz Acquisition I closed its IPO of 69 million units priced at $10 each, including 9 million units issued upon the exercise in full of the underwriters’ over-allotment option. Each unit consists of one Class A ordinary share and one-fourth of one warrant, with whole warrants exercisable to purchase a Class A ordinary share at $11.50.
Units list on the NYSE under AUS.U. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under AUS and AUS WS, respectively.
Led by Founder and Director Wiliam Foley II, the SPAC plans to target a business in financial technology or information and business services, which acts as an essential utility to industries that are core to the economy.
Foley’s most recent SPACs, Foley Trasimene Acquisition and Foley Trasimene Acquisition II in recent months have inked merger agreements with Alight Solutions and payments processor Paysafe Group Holdings, respectively. Read more.
