Sizzle Acquisition priced its upsized IPO of 13.5 million units at $10 per unit, an increase of 1 million units more than the SPAC initially registered in March.
Units list on the Nasdaq and trade under SZZLU starting today. Each consists of one share and one-half of a warrant.
After the securities begin separate trading, stock and the warrants are expected to list under SZZL and SZZLW.
The offering is expected to close Nov. 8.
Sizzle intends to initially focus on target businesses in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology and real estate industries.
Cantor is sole book-running manager for the offering. The underwriters have an option to purchase up to an additional 2.025 million units to cover over-allotments, if any. Read more.
