SOAR Technology Acquisition priced its IPO of 20 million units at $10 each. Units begin trading today on the NYSE under FLYA.U. Each consists of one share and one-third of one redeemable warrant.
Once the securities begin separate trading, shares and warrants are expected to list under FLYA and FLYA.WT.
The offering is expected to close Sept. 20.
J.P. Morgan, RBC Capital Markets and BTIG are joint book-running managers in the offering. The underwriters have an over-allotment option to purchase up to 3 million additional units.
SOAR is targeting tech-enabled industries. Read more.
