InterPrivate IV InfraTech Partners priced its IPO of 25 million units at $10 each.
Units begin trading today on the Nasdaq under IPVIU. 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 IPVI and IPVIW, respectively.
The offering is expected to close March 9.
InterPrivate IV InfraTech intends to concentrate on high growth businesses in the technology, media and telecom infrastructure space, with a focus on target companies with an enterprise value of $1 billion or more. Read more.
