GSR II Meteora Acquisition closed its initial public offering of 31.625 million units at $10 each. Oppenheimer was sole underwriter for the offering and also exercised in full its option to purchase up to an additional 4.125 million units to cover over-allotments.
Each unit consists of one share, a warrant and one-sixteenth of a right to receive a share of Class A common stock. The units list on the Nasdaq and trade under the ticker symbol GSRMU. Once the securities begin separate trading, stock, warrants and rights are expected to be listed under the symbols GSRM, GSRMW and GSRMR, respectively.
GSRM intends to focus on high-growth businesses in the software, technology-enabled manufacturing and services, mobility and transportation sectors, as well as companies that help to address evolving environmental, social and governance related issues. Read more.
