PowerUp Acquisition closed its initial public offering of 28.75 million units, including 3.75 million units issued pursuant to the full exercise by the underwriters of their over-allotment option.
The company’s goal is to acquire a business within the interactive media, digital media, sports, entertainment, and/or leisure sectors, with a particular focus on video gaming, gaming adjacent, and new metaverse video gaming businesses.
Once the securities begin separate trading, shares and warrants are expected to be listed under the symbols PWUP and PWUPW.
Citigroup Global Markets was sole book-running manager for the offering and Odeon Capital Group was co-manager. Read more.
