Iron Spark I priced its IPO of 15 million shares at $10 each, down from the 17.5 million originally registered in March.
Shares begin trading today on the Nasdaq under ISAA.
Morgan Stanley is acting as sole book-running manager in the offering. The underwriters have 45 days to purchase an additional 2.25 million shares to cover any over-allotments.
The offering is expected to close June 11.
The new SPAC expects to target businesses in the branded consumer sector.
Iron Spark is led by Chairwoman Amy Butte, who is on the board of Bain Capital Specialty Finance, a managed specialty finance company, and blank-check company Tuscan Holdings. Read more.
