Big Sky Growth Partners closed its IPO of 30 million units priced at $10 per unit.
Units trade on the Nasdaq under BSKYU. Each consists of one share of Class A common stock and one-fourth of one redeemable warrant. Once the securities comprising the units begin separate trading, stock and redeemable warrants are expected to trade on the Nasdaq under BSKY and BSKYW, respectively.
Goldman Sachs & Co. was sole book-running manager for the offering. The SPAC has granted the underwriters a 45-day option to purchase up to an additional 4.5 million units at the IPO price.
The SPAC intends to focus its search on digitally native Internet Retail and Direct-to-Consumer companies. Read more.
