Lerer Hippeau Acquisition priced its IPO of 20 million shares at $10 each. The SPAC has granted the underwriters a 45-day option to purchase up to 3 million additional shares of Class A common stock to cover any over-allotments.
Shares begin trading today on the Nasdaq under LHAA.
The offering is expected to close March 9.
The SPAC has said it will focus on technology-enabled businesses.
Lerer Hippeau Acquisition is led by Chairman Kenneth Lerer, CEO and Director Eric Hippeau, and President and Director Ben Lerer.
The SPAC is sponsored by an affiliate of Lerer Hippeau, a VC firm with a portfolio of over 400 companies across the consumer and enterprise technology sectors. Read more.
