First Light Acquisition Group Prices $200M IPO

First Light Acquisition Group priced its IPO of 20 million units at $10 each.

Units trade on the NYSE under FLAGU starting today. Each consists of one share and one-half of one redeemable warrant. Once the securities begin separate trading, stock and warrants are expected to list under FLAG and FLAGW.

Guggenheim is sole bookrunner for the offering. The underwriter has an over-allotment option to purchase up to an additional 3 million units.

The new SPAC plans to target companies that provide technology-enabled solutions with high-growth, mission-critical applications in government and commercial markets. 

First Light is led by CEO, President and Chairman William Weber, who most recently served as president, CEO and director of KeyW. The company is engaged in cyber operations and warfare, data analytics and geospatial intelligence solutions for U.S. government intelligence and defense customers, and commercial enterprises. Read more.

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