Founder SPAC priced its IPO of 27.5 million units at $10 each. Units begin trading today on the Nasdaq under FOUNU. Each consists of one Class A ordinary share and one-half of a warrant.
After the securities begin separate trading, shares and warrants are expected to list under FOUN and FOUNW.
The offering is expected to close Oct. 19.
Founder SPAC intends to focus on businesses within the technology sector, with a specific focus on the theme of digital transformation.
Jefferies is sole bookrunning manager of the offering. The underwriters have an option to purchase up to an additional 4.125 million units to cover over-allotments, if any. Read more.
