Coliseum Acquisition priced its IPO of 15 million units at $10 each. Units begin trading today on the Nasdaq under MITAU.
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at $11.50 for a share. Once the securities comprising the units commence separate trading, shares and warrants are expected to list under MITA and MITAW.
The offering is expected to close June 25.
Stifel, Nicolaus & Company is sole book-running manager for the offering. The underwriters have a 45-day option from the date of the final prospectus to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
The new SPAC plans to target consumer product, service and media companies at the intersection of sports, entertainment, digital media and/or technology. Read more.