Modiv Acquisition today filed with the SEC to offer 10 million units at $10 each. A unit consists of one share of common stock and one warrant to purchase one-half share of common stock, with whole warrants exercisable at $11.50 for a share.
The new SPAC will target fintech and proptech companies.
Modiv is led by Chairman Ray Wirta, who is also an independent director at CBRE Group.
The SPAC said it will apply for a listing on the NYSE under MACSU. Read more.
