Ault Disruptive Technologies priced its initial public offering of 10 million units at $10 per unit, with each unit consisting of one share of common stock and three-fourths of a warrant.
The offering is expected to close Dec. 20.
The blank-check company intends to focus on opportunities with innovative and emerging technologies, products, or services that have the potential to transform major industries and radically impact society, especially companies with an aggregate enterprise value of $200 million to $500 million.
Alliance Global Partners is sole book-running manager. Brookline Capital Markets is co-manager for the offering. Read more.
