FTAC Zeus Acquisition priced an upsized IPO of 35 million units at $10 each. The upsized IPO follows the SPAC’s amended S-1 earlier this month that hacked off nearly a third of the proposed units. FTAC had initially registered in March to offer 44 million units.
Units list on the Nasdaq and begin trading today under ZINGU. Each consists of one share and one-half of a warrant.
FTAC is targeting companies engaged in fintech.
The offering is expectedd to close Nov. 23.
Citigroup is sole book-running manager for the offering. The underwriter has an option to purchase up to an additional 5.25 million units. Read more.
