C5 Acquisition priced its initial public offering of 25 million units at $10 each. The units list on the New York Stock Exchange and trade under ticker symbol “CXAC.U” beginning today.
The company is led by CEO Robert Meyerson, former president of Blue Origin. Steve Demetriou, Chair and CEO of Jacobs Engineering, will be non-executive chairman.
C5 intends to focus on businesses at the leading edge of national security innovation in three key sectors: Space, Cybersecurity and Energy Transition.
Each unit consists of one share and one-half of a warrant. Once the securities begin separate trading, shares and warrants are expected to list under the symbols “CXAC” and “CXAC WS,” respectively.
Cantor Fitzgerald and Moelis & Company are joint book-running managers of the offering, which is expected to close Jan. 11. Read more.
