Callodine Acquisition announced today that it has commenced its IPO of 25 million units at a price of $10 each. A unit consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder to purchase one share of Class A common stock at $11.50.
Units are expected to list on the Nasdaq under CALQU. After the securities comprising the units begin separate trading, shares and warrants are expected to list under CALQ and CALQW,”respectively.
Callodine is led by James Morrow, founder and CEO of Callodine Group. The SPAC will target businesses in the alternative asset management industry. Read more.
