Macondray Capital Acquisition I shares and warrants may trade separately starting Aug. 19, the SPAC said. Shares and warrants that are separated will trade on the Nasdaq under DRAY and DRAYW, respectively. Units not separated will continue to trade under DRAYU.
The SPAC raised $250 million in a July IPO. Macondray will target companies with an aggregate enterprise value of at least $1.5 billion in the software, data and technology, media and telecom (“TMT”) industries. Read more.