Iconic Sports Acquisition registered to raise up to $250 million through an IPO of 25 million units priced at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.
The new blank-check firm will focus on acquiring a business in the global sports industry or an adjacent sector including data and analytics, media and technology.
Iconic Sports Acquisition is led by Co-CEOs Gianluca Vialli and Fausto Zanetton, the co-founders of sports advisory firm Tifosy Capital & Advisory. As a professional footballer, Vialli represented Italy in 59 matches and was inducted into the Italian Football Hall of Fame.
James Dinan, co-owner of the Milwaukee Bucks and chairman of New York Hedge fund York Capital, is among the sponsors.
Credit Suisse and Morgan Stanley are managing the offering. The underwriters’ over-allotment option covers the purchase of up to 3.75 million additional units.
The SPAc intends to apply for a listing on the NYSE, under ICNC.U. Read more.
