Blockchain Coinvestors Acquisition I priced its upsized IPO of 26.1 million units at $10 each. Units begin trading today on the Nasdaq under BCSAU. Each consists of one share of Class A common stock and one-half of a warrant. The offering was 1.1 million units greater than the 25 million initally registered with the SEC in August.
The offering is expected to close Nov. 12.
The new SPAC will target companies in the financial services, technology and other sectors of the economy that are being enabled by emerging applications of blockchain.
Cantor and Moelis are joint book-running managers of the offering. The underwriters have been granted an option to purchase up to an additional 3.915 million units to cover over-allotments, if any. Read more.
