Swiftmerge Acquisition closed the issuance of 2.5 million units at $10 each through the partial exercise of the underwriter’s option to purchase additional units in connection with the company’s initial public offering. The IPO generated gross proceeds of $225 million.
Units list on the Nasdaq uder IVCPU. Each consists of one Class A ordinary share and one-half of a warrant.
The SPAC is sponsored by Swiftmerge Holdings, an affiliate of IVEST Consumer Partners.
Swiftmerge intends to pursue opportunities targeting disruptive consumer companies utilizing technology and the internet to evolve the way that consumers interact with the market. Read more.
