TKB Critical Technologies 1 priced its IPO of 20 million units at $10 each. Units begin trading today on the Nasdaq under USCTU. 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 USCT and USCTW.
The offering is expected to close Oct. 29.
TKB Critical Technologies 1 will target businesses that provide technologies in the industrial base supply chain recognized by the United States Government to maintain technological leadership, national security, and supply chain independence.
Jefferies is sole book-running manager and JMP Securities is lead manager for the offering. The underwriters may choose to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
