Endurance Acquisition closed its IPO of 20 million units at $10 each.
Units trade 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.
The blank-check company 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 Fitzgerald was sole book-running manager for the offering. Truist Securities was lead manager. The underwriters have an over-allotment option to purchase up to an additional 3 million units. Read more.
