Mission Advancement priced its IPO of 30 million units at $10 per unit. Co-Sponsored by Colin Kaepernick and The Najafi Companies, the SPAC offered 5 million more units than anticipated.
Units begin trading today on the NYSE under MACC.U. Each consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under MACC and MACC WS, respectively.
The SPAC in its initial S-1 filing said it will identify, acquire and advance a company making a consumer impact, “with the aim of creating meaningful financial and societal value.” Read more.
