Endurance Acquisition priced its IPO of 20 million units at $10 each. Units begin trading today on the Nasdaq under EDNCU. Each consists of one share and one-half of one redeemable warrant.
Once the securities begin separate trading, shares and warrants are expected to list under EDNC and EDNCW.
Endurance Acquisition intends to focus its search for a target business operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services.
Cantor is sole book-running manager for the offering. Truist Securities is lead manager. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
