Mercato Partners Acquisition filed to raise $200 million through an offering of 20 million units. Each consists of one share and one-half a warrant.
The new SPAC plans to focus on businesses in either the technology or branded consumer products sector.
Mercato is led by CEO and Chairman Greg Warnock, Ph.D., Mercato’s co-founder and managing director. Dr. Warnock has sourced 32 Traverse investments and 14 other investments through his Mercato Partners practice, including Skullcandy, Fusion-io, Cradlepoint, and Galileo, and serves on the board of Stance, a privately-held branded consumer goods company.
BofA Securities, the underwriter, has an option to purchase up to an additional 3 million units to cover over-allotments, if any.
Mercato has applied to list on the Nasdaq under MPRAU. Read more.
