Big Sky Growth Partners priced its IPO of 30 million units at $10 each.
Units begin trading on the Nasdaq today under BSKYU. Each consists of one share of Class A common stock and one-fourth of one redeemable warrant, with each whole warrant entitling the holder to purchase one share. Once the securities begin separate trading, common stock and warrants are expected to list under BSKY and BSKYW, respectively.
Goldman Sachs is sole book-running manager. The SPAC has granted the underwriters a 45-day option to purchase up to 4,5 million additional units at the IPO price to cover any over-allotments.
The offering is expected to close May 3.
The SPAC intends to focus its search on digitally native Internet Retail and Direct-to-Consumer companies. Read more.
