Riverview Acquisition priced its IPO of 25 million units at $10 each.
A unit consists of one share of stock and one-half of a redeemable warrant; whole warrants exercisable at $11.50 for a share. Once the securities begin separate trading, stock and warrants are expected to list on the Nasdaq under RVAC and “RVACW respectively. Units trade under under RVACU.
The SPAC intends to focus on combining with consumer-focused enterprises, including e-commerce, on the energy services and renewables sector and on the insurance and financial services sector. Read more.
