Stillwater Growth I knocked a third off its proposed offering, now 20 million units to be priced at $10 each, according to an amended S-1 filing. The SPAC’s initial registration to offer 30 million units was filed a year ago.
A unit still consists of one share of Class A common stock and one-third of a warrant.
The new SPAC’s acquisition focus is on high-growth technology or technology-enabled companies.
Stillwater I is led by CEO Mark Bradley, a founding partner of DBO Partners, and Chairman George Still, Jr., currently lead independent director and vice-chairman of Workday. Still is also a member of the board of directors of various private companies, including Inxeption, and Brightplan. In addition, he manages Still Capital Partners, which he founded in 2014.
The SPAC plans to apply for a Nasdaq listing under SWGCU. Read more.
