Sierra Lake Acquisition closed its IPO of 30 million units offered at $10 each.
Units trade on the Nasdaq under SIERU.
Cantor Fitzgerald was sole book-running manager of the offering. The underwriters have an over-allotment option to purchase up to an additional 4.5 million units.
The new SPAC has not specified sectors it will target for a business combination, but will focus on opportunities that it said can draw upon the management team’s strengths. Read more.
