Ascendant Digital Acquisition III priced its upsized IPO of 26.1 million units at $10. each, an increase from the 25 million units registered in April.
Units list on the NYSE and start trading today under ACDI.U. Each consists of one Class A ordinary share and one-half of a warrant.
The offering is expected to close Nov. 15.
Ascendant Digital Acquisition III intends to focus on businesses that operate within the “Attention Economy,” which refers to various converging sectors within interactive (digital) entertainment, film/television, music, print and digital books (including magazine and comics publications), e-sports, live events and other forms of consumer entertainment and enabling services and technologies.
Goldman Sachs is sole book-running manager of the offering. Odeon Capital Group is lead manager. The underwriters may opt to purchase up to an additional 3.915 million units. Read more.
