Sound Point Acquisition priced its upsized initial public offering of 22.5 million units at $10 each, an increase of 2.25 million more units than originally registered with the SEC in January for the offering. The units list on the Nasdaq and begin trading today under the ticker symbol SPCMU.
The SPAC is focused on technology, media and consumer brands.
Each unit consists of one share and one-half of a warrant. After the securities begin separate trading, shares and warrants are expected to be listed under the symbols SPCM and SPCMW.
The offering is expected to close March 4.
BofA Securities and J.P. Morgan are joint book-running managers for the offering and AmeriVet Securities and SPC Capital Markets are co-managers. Read more.
