Industrial Tech Acquisitions II priced its initial public offering of 15 million units at $10 each. The units are expected to be listed on the Nasdaq under the symbol ITAQU beginning today. Each consists of one share and one-half of a warrant. After the securities begin separate trading, the shares and warrants are expected to list under the symbols ITAQ and ITAQW.
The SPAc registered the offering in March 2021. The SPAC will concentrate on targets operating in the industrial focused technology areas including software, mobile and IoT applications, digital and energy transformation, cloud communications and high bandwidth services, including LTE, remote sensing and 5G communications.
Wells Fargo is sole book-running manager for the IPO, and Maxim Group is co-manager. Read more.
