Semper Paratus Acquisition priced its IPO of 30 million units at $10 per unit.
The new SPAC said it will pursue an acquisition opportunity in the transportation, supply chain and logistics industry in any stage of the target’s corporate evolution. Semper Paratus is Latin for “always ready.”
The units list on the Nasdaq begin trading today under LGSTU. Each consists of one share and one-half of a warrant.
Once the securities begin separate trading, shares and warrants are expected to list under LGST and LGSTW.
The offering is expected to close Nov. 8.
Cantor is sole book-running manager of the offering. The underwriters may opt to purchase up to an additional 4.5 million units to cover any over-allotments. Read more.
