Innovative International Acquisitionpriced its IPO of 20 million units at $10 each.
Units are expected to begin listing today on the Nasdaq under IOACU. Each consists of one Class A share and one-half of a warrant.
Once the securities begin trading separately, shares and warrants are expected to list under IOAC and IOACW.
The offering is expected to close Oct. 29.
The SPAC’s goal is to pursue a business combination within the consumer technology, healthcare, information technology services or enterprise SaaS sector.
Cantor is sole book-running manager of the offering. The underwriters may opt to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
