Enterprise 4.0 Technology Acquisition Prices Upsized $261M IPO

IPO

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.

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