Cascadia Acquisition Prices $150M IPO

Cascadia Acquisition priced its IPO of 15 million units at $10 each.

Units begin trading today on the Nasdaq under CCAI.U. Each consists of one share and one-half of one warrant; whole warrants exercisable at $11.50.

Once the securities begin separate trading, shares and warrants are expected to list under CCAI” and CCAI.W.

The offering is expected to close Aug. 30.

Cantor Fitzgerald is sole book-running manager of the offering. The underwriter has an option to purchase up to an additional 2.25 million units to cover over-allotments, if any.

The tech-focused SPAC will concentrtate on companies engaged in robotics, automation and artificial intelligence (RAAI). Read more.

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