InterPrivate II Acquisition priced its upsized IPO of 22.5 million units at $10. per unit. The SPAC offered 2.5 million more units than rregistered in its initial S-1 filing.
units bewgin trading today on the NYSE under IPVA.U. Each consists of one share of Class A common stock and one-fifth of one redeemable warrant, with whole warrants exercisable at $11.50. After the securities comprising the units begin separate trading, shares and warrants are expected to list under IPVA and IPVA WS, respectively.
The offering is expected to close March 9.
InterPrivate II said it may pursue sectors including auto-tech and mobility, business services, consumer, retail, e-commerce or industrial technology, or businesses that possess their own differentiated technology, with a focus on target companies with an enterprise value of $1 billion or more. Read more.
