Alpine Acquisition priced its IPO of 10 million units at $10 each.
Units are expected to begin trading today on the Nasdaq under REVEU. Each consists of one share and one half of a redeemable warrant. Each full warrant is exercisable at $11.50 for a share. Once the securities begin separate trading, shares and warrants are expected to list under REVE and REVEW.
Maxim is sole book-running manager for the offering. The underwriters have an over-allotment option to purchase up to an additional 1.5 million units.
The offering is expected to close Sept. 2.
Alpine intends to focus its search on drive-to-destination hotels, digital entertainment and gaming, and lodging technology businesses. The SPAC is sponsored by Alpine Acquisition Sponsor, an affiliate of Alpine Consolidated. Read more.
