Signal Hill Acquisition closed its initial public offering of 10 million units, raising $100 million.
The units trade on the Nasdaq under the ticker symbol SGHLU. Each consists of one share and one-half of a warrant. When the securities begin separate trading, shares and warrants are expected to be listed under the symbols SGHL and SGHLW.
The SPAC plans to target direct-to-consumer media, technology, or emerging digital enterprise focused businesses.
B. Riley was sole book-running manager for the offering. Read more.
