Build Acquisition closed its IPO of 20 million units at $10 each.
Units trade 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 entitling the holder to purchase a share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under BGSX and BGSX.WS, respectively.
The new SPAC said it will target SaaS, infrastructure software and services, and fintech companies. Read more.
