Seaport Calibre Materials Acquisition priced its IPO of 13 million units at $10 each. Units begin trading on the Nasdaq today under SCMAU. Each consists of one share and one-half of a warrant.
When the units begin separate trading, stock and warrants will list under SCMA and SCMAW.
The SPAC intends to focus on businesses in the steel, metals, and metals processing sector.
Seaport Global Securities is sole book-running manager. The underwriters’ over-allotment option cofer the purchase of up to 1.95 million additional units. Read more.
