Parabellum Acquisition said the underwriters of its IPO exercised their overallotment option, resulting in the issuance of an additional 1.875 million units at $10 each. That brings the SPAC’s raise to $143.75 million.
Units trade on the NYSE under PRBM.U.
B. Riley Securities is sole book-running manager for the offering.
Parabellum intends to focus on businesses with an enterprise value of $300 million to $1 billion that have unique technologies and business models, and are actively engaged in the Internet of Things. Read more.
