Industrial Tech Acquisitions registered to offer 15 million units at $10 each. A unit consists of one share of Class A common stock and one-half of one redeemable warrant. Whole warrants are exercisable at $11.50.
The SPAC will concentrate on targets operating in the industrial focused technology areas including software, mobile and IoT applications, digital and energy transformation, cloud communications and high bandwidth services, including LTE, remote sensing and 5G communications.
Industrial Tech Acquisitions is led by Chairman and CEO E. Scott Crist, who has been a partner at Texas Ventures, a technology venture firm, since March 2000, and CEO since August 2019 of Osperity, which is engaged in AI-assisted industrial computer vision.
The SPAC plans to list on the Nasdaq under ITAQU. Read more.
