Insurity Capital, a new SPAC sponsored by Shiftpixy Investments, registered today with the SEC to offer 50 million units at $10 each. This is Shiftpixy’s third SPAC announced today.
A unit consists of one share of common stock and one-half of one redeemable warrant; whole warrants exercisable for a share at $11.50.
The new SPAC in the filing said it will target companies that provide workers’ compensation insurance in North America.
Insurity Capital is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
Insurity Capital said it has applied to list on the NYSE under FMGU. Read more.
