World Quantum Growth Acquisition priced its IPO of 20 million units at $10 per unit.
The units begin trading today on the NYSE under WQGA.U. Each consists of one Class A ordinary share and one-half of one redeemable warrant; whole warrants exercisable at $11.50 per share. Once the securities begin separate trading, shares and warrants are expected to list under WQGA and WQGA WS.
The new SPAC plans to target financial services and the financial technology sectors in the U.S. and EMEA as well as relevant technology firms supporting these sectors.
Credit Suisse is sole book-running manager for the offering, which is expected to close Aug. 13. The underwriter has an ovewr-allotment option to purchase up to an additional 3 million units. Read more.
