Waverley Capital Acquisition 1 closed its IPO of 20 million units.
The units list on the NYSE under WAVCU. Once the securities begin separate trading, shares and warrants are expected to list under WAVC and WAVCW.
The Company is sponsored by WCAC1 Sponsor, an affiliate of Waverley Capital, and is led by CEO Daniel Leff, Ph.D., and Chairman Edgar Bronfman, Jr., former CEO of Warner Music.
Waverley is targeting companies focused on media, technology or entertainment.
Evercore ISI and Morgan Stanley were joint book-running managers for the offering. Read more.