SportsMap Tech Acquisition closed its IPO of 11.5 units, including the full exercise of the underwriters’ over-allotment option, priced at $10 per unit.
Units trade on the Nasdaq under SMAPU. Each consists of one share and three-quarters of a warrant. Once the securities begin separate trading, stock and warrants are expected to list SMAP and SMAPW.
The new SPAC will focus on companies engaged in sports technologies, including fan engagement, health and wellness, Esports, and fantasy sports and gambling.
Roth and Craig-Hallum were joint book-running managers for the offering. Maxim was the qualified independent underwriter. Read more.
