Iron Spark I closed on an additional 1.68 million shares of Class A common stock pursuant to the partial exercise of the underwriters’ over-allotment option, generating additional gross proceeds of $16.8 million and bringing the total gross proceeds of the IPO to $166.8 million.
Morgan Stanley was sole book-running manager in the offering.
The 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.