PWP Forward Acquisition I, a SPAC sponsored by Perella Weinberg Partners, priced its IPO of 20 million units at $10 each. Units beging trading today on the Nasdaq under FRWAU.
Each consists of one share of the Company’s Class A common stock and one-fifth of one redeemable warrant. Whole warrants are exercisable at $11.50. Once the securities comprising the units begin separate trading, stock and warrants will list under FRW and FRWAW, respectively.
The offering is expected to close March 12.
PFAC intends to focus on enhancing access to public financing for companies that are founded by, led by or enrich the lives of women. Read more.
