Fintech-focused Williams Rowland Acquisition priced its IPO of 20 million units at $10 each. A unit consists of one share and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
Units are expected to begin trading on the NYSE under WRACU starting today. Once the units begin separate trading, stock and warrants are expected to list under WRAC and WRACW.
The SPAC is led by co-CEOs — former professional hockey player David “Tiger” Williams and Mode Global Holdings founder Jonathan Rowland.
The underwriters have an over-allotment option to purchase up to 3 million additional units.
The offering is expected to close July 29.
Oppenheimer is sole underwriter for the offering. Read more.
