SportsMap Tech Acquisition priced its IPO of 10 million units at $10 each. Units begin trading today on the Nasdaq under SMAPU.
Each unit consists of one share of common stock and three-quarters of a warrant.
Once the securities begin separate trading, stock and warrants are expected to list under SMAP and SMAPW.
Roth Capital Partners and Craig-Hallum Capital Group are joint book-running managers for the offering. Maxim is the qualified independent underwriter for the offering. The underwriters have an option to purchase up to an additional 1.5 million units to cover any over-allotments.
The offering is expected to close Oct. 21.
The new SPAC will focus on companies engaged in sports technologies, including fan engagement, health and wellness, Esports, and fantasy sports and gambling. Read more.
