SOAR Technology Acquisition closed its IPO of 23 million units at $10 each, which included 3 million units issued to the underwriters who exercised their over-allotment option in full.
Units list 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.
SOAR Technology Acquisition is led by Joe Poulin through his family office, JPK Capital, Peter Kern, and Inovia Growth Fund II, represented by Chris Arsenault and Patrick Pichette.
The SPAC is focused on businesses in the greater technology or tech-enabled industries.
J.P. Morgan, RBC Capital Markets and BTIG were joint book-running managers for the offering. Read more.
