Consumer brand-focused SPAC bleuacacia priced its upsized IPO of 24 million units at $10 each, an increase of 4 million more units than listed in an amended filing last month, but still down from the 30 million units initially registered in June.
Each unit consists of one share, a right to one-sixteenth of a share, and one-half of a warrant.
Units began trading today on the Nasdaq under BLEUU.
The SPAC intends to target companies in the consumer and retail sectors.
Credit Suisse and Citigroup are joint book-running managers for the offering. Rice Financial Products is co-manager. The underwriters may opt to purchase up to 3.6 million units to cover over-allotments, if any. Read more.
