Mount Rainier Acquisition priced its IPO of 15 million units at $10 each.
Units begin trading today on the Nasdaq under RNERU. The offering is expected to close Oct. 7.
Once the securities begin separate trading, stock and warrants are expected to list under RNER and RNERW.
Mount Rainier Acquisition intends to focus on established, technology focused businesses that have an aggregate enterprise value of $500 million to $2 billion.
Alliance Global Partners is the sole book-running manager for the IPO and Brookline Capital Markets, a division of Arcadia Securities, is co-manager. Mount The underwriters have an option to purchase up to 2,512,000 additional units to cover over-allotments, if any. Read more.
