Anthemis Digital Acquisitions I priced its IPO of 20 million units at $10 each. Units begin trading today on the Nasdaq under ADALU. Each consists of one share and one-half of a warrant.
Once the securities begin separate trading, shares and warrants will list under ADAL and ADALW.
The blank check company intends to focus its efforts identifying businesses in financial services, or the modern financial technology industry.
Barclays and Credit Suisse are book-running managers and representatives of the underwriters, who have an option to purchase up to 3 million additional units to cover over-allotments, if any. Read more.
