Glass Houses Acquisition priced its IPO of 20 million units at $10 each.
Units begin trading today on the Nasdaq under GLHAU. Each consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles 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 GLHA and GLHAW, respectively.
The offering is expected to close March 25.
The SPAC said it intends “to search for a target business that provides critical resources and/or services to the technologies powering the 21st century industrial economy.” Read more.
