JAWS Hurricane Acquisition priced its upsized IPO of 27.5 million units at $10 each, an increase of 2.5 million more units than initially registered in February.
Units begin trading today on the Nasdaq under HCNEU. Each consists of one share of Class A common stock and one-fourth of one redeemable warrant. Whole warrants are exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under HCNE and HCNEW, respectively.
Led by Chairman Barry S. Sternlicht and CEO Matthew Walters, JAWS Hurricane Acquisition expects to focus on consumer technology and related technology businesses with all or a substantial portion of activities in North America.
Credit Suisse Securities (USA) and J.P. Morgan are joint book-running managers for the offering. The underwriters have a 45-day option to purchase up to an additional 4.125 million units to cover any over-allotments. Read more.
