Build Acquisition priced its IPO of 20 million units at $10 each.
Units begin trading today on the NYSE under BGSX.U. Each consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable for a share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under BGSX and BGSX.WS, respectively.
The offering is expected to close March 19.
The new SPAC said it will target SaaS, infrastructure software and services, and fintech companies. Read more.