Firemark Global, a SPAC formed by ShiftPixy, today in its fifth amended S-1 filing slashed the proposed IPO to 15 million units, down from the 50 million units initially registered in April.
The SPAC was initially named Insurity Capital at the time of the April 28 filing.
Three other ShiftPixy SPACs that also registered with the SEC in April downsized their proposed offerings today.
A Firemark unit will still consist of one share of common stock and one-half of one redeemable warrant; whole warrants exercisable for a share at $11.50.
The SPAC in the filing said it will target companies that provide workers’ compensation insurance in North America.
Firemark is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
The SPAC said it has applied to list on the NYSE under FMGU. Read more.
