Corner Growth Acquisition 2 priced its IPO of 17.5 million units at $10 each. Units begin trading today on the Nasdaq under TRONU. Each consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at $11.50.
Once the securities comprising the units begin separate trading, shares and warrants are expected to list under TRON and TRONW respectively.
Led by Co-Chairman John Cadeddu, Co-Chairman and CEO Marvin Tien, the SPAC expects to focus on the technology industry in the United States and other developed countries.
Cantor Fitzgerald is sole book-running manager for the offering. The underwriters have a 45-day option to purchase up to an additional 2.625 million units at the IPO price to cover over-allotments, if any. Read more.
