PowerUp Acquisition priced its initial public offering of 25 million units at $10 each. The units list on the Nasdaq and began trading today under the ticker symbol PWUPU. Each consists of one Class A ordinary share and one-half of a warrant. After the securities begin separate trading, shares and warrants are expected to be listed under the symbols PWUP and PWUPW.
The offering is expected to close Feb. 23.
PowerUp’s goal is to acquire a business within the interactive media, digital media, sports, entertainment, and/or leisure, with a particular focus on video gaming, gaming adjacent, and new metaverse video gaming businesses.
Citigroup is sole book-running manager for the offering and Odeon Capital Group is co-manager. Read more.
