Springwater Special Situations closed its IPO of 15 million units at $10 each. Units list on the Nasdaq under SWSSU. Each consists of one share and one-half of one redeemable warrant; each whole warrant exercisable for a share at $11.50.
Once the securities begin separate trading, shares and redeemable warrants will list under SWSS and SWSSW.
Springwater in its initial S-1 registration said it would target “media, engineering construction, engineering services, facility management and services, food and beverages, semiconductor, aerospace, paper and pulp, logistics and distribution, IT services, software solutions, tourism, hospitality, aviation, retail, precious metals trading and services, oil and gas, renewable energies, environmental services, steel, household appliances, construction materials and shipping and cruise industries.” The SPAC expects to exclude real estate and infrastructure-related sectors. Read more.
