Metaverse Acquisition Files for $150M IPO

Metaverse Acquisition registered to offer 15 million units at $10 each, with each unit consisting of one share, one right and a warrant. Each right entitles the holder to receive one-tenth of a share upon completion of an initial business combination.

The metaverse-focused SPAC in the S-1 filing said its sponsors intend to donate founder shares to non-profits, including those involved in the arts, education, human rights and the advancement of life sciences. 

Co-CEO and director Aaron McDonald is co-founder, board member, and director of Centrality, a general partner at NetX ventures and at D64 Ventures. 

Co-CEO and director Chris Ensey serves as chief technical advisor for Gryphon Digital Mining. Formerly, he was interim CEO and COO of Riot Blockchain. 

I-Bankers is sole book-running manager of the offering.

The SPAC intends to apply for a Nasdaq listing. Read more.

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