KnightSwan Acquisition closed its initial public offering of 23 million units at $10 per unit, which included the full exercise of the underwriter’s over-allotment option of 3 million units. Each consists of one share and one-half a warrant.
KnightSwan in a news release said it will focus on businesses at the leading edge of technological innovation in three key sectors: cloud, cybersecurity, and mission intelligence. Among the first all-female founded SPACs with an all-female board of directors, KnightSwan’s leadership team consists of CEO Brandee Daly, who is founder and former CEO C2S Consulting, and Teresa Carlson (Non-Executive Board Chair), who is president and Chief Growth Officer of Splunk.
RBC Capital Markets was sole book-running manager of the offering. Read more.
