Enterprise 4.0 Technology Acquisition priced its IPO of 26.1 million units at $10 each, an upsize from the 25 million units initiall planned for the offering.
Units list on the Nasdaq and begin trading today under ENTFU. Each consists of one Class A ordinary share and one-half of a warrant.
Once the securities begin separate trading, shares and warrants are expected to list under ENTF and ENTFW.
The new SPAC is focused on cloud-native companies engaged in digital transformation, including AI, intelligent automation and data access.
Cantor and Mizuho Securities USA are joint book-running managers for the offering. The underwriters have an over-allotment option to purchase up to an additional 3.915 million units. Read more.
