Williams Rowland Acquisition closed its IPO of 20 million units, with each unit consisting of one share and one-half of one redeemable warrant.
Sole underwriter Oppenheimer has an option to purchase up to 3 million additional units to cover any over-allotments.
The FinTech-focused SPAC is led by co-CEOs — former professional hockey player David “Tiger” Williams and Mode Global Holdings founder Jonathan Rowland.
Units trade on the NYSE under the WRACU. Once the securities begin separate trading, stock and warrants are expected to list under WRAC and WRACW. Read more.