Mercato Partners Acquisition priced its IPO of 20 million units at $10 per unit.
MPRA intends to identify, acquire and operate a business in either the technology or branded consumer products sector.
The units list on the Nasdaq and trade under MPRAU starting today. Each consists of one share and one-half of a warrant. Once the securities begin separate trading, stock and warrants are expected to list under MPRA and MPRAW.
BofA Securities is sole book-running manager and underwriter for the offering, and has the option to purchase up to an additional 3 million units to cover any over-allotments.
The offering is expected to close Nov. 8. Read more.
