RXR Acquisition closed its IPO of 30 million units at $10 each — an upsize of 5 million more units than anticipated.
Units trade on the Nasdaq under RXRA.U. Each consists of one share of Class A common stock and one-fifth of one redeemable warrant. Each whole warrant is exercisable to purchase one share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under RXRA and RXRA.WS, respectively.
The SPAC plans to target a business combination that operates at the intersection of real estate and technology (“proptech”). Read more.
