IB Acquisition announced today that, on May 1, the company’s units will no longer trade, and the underlying stock and rights will automatically begin trading separately. Stock and rights will trade on the Nasdaq Global under the ticker symbols IBAC and IBACR.
The SPAC closed a $115 million IPO last month, with plans to focus on consumer goods, sports and entertainment, and healthcare technology. IB Acquisition anticipates targeting companies in North America, Europe and Asia, with an enterprise value of at least $500 million.
Chairman and CEO Al Lopez is the founder and CEO of Alma Coffee. Read more.
