NewHold Investment II priced its IPO of 17.5 million units at $10 each. Units list on the Nasdaq and begin trading today under NHICU.
Each consists of one share of Class A common stock and one-half of a redeemable warrant.
The offering is expected to close Oct. 25.
The SPAC will seek to acquire one or more industrial technology businesses with an aggregate enterprise value of $700 million or greater.
Stifel is sole book-running manager of the offering. Cabrera Capital Markets, Maxim, Siebert Williams Shank and AmeriVet are co-managers. The underwriters have an option to purchase up to an additional 2.625 million units to cover over-allotments, if any. Read more.
