GSR II Meteora Acquisition priced its initial public offering of 27.5 million units at $10 per unit.
GSRM is a newly incorporated, blank check company that intends to focus on high-growth businesses in the software, technology-enabled manufacturing and services, mobility and transportation sectors, as well as companies that help to address evolving environmental, social and governance related issues. This includes companies focused on automation components and systems, robotics, mobility and autonomous motion, additive manufacturing, next-generation transportation and technologies for clean food, water and air.
GSRM is led by co-CEOs Gus Garcia and Lewis Silberman, President Anantha Ramamurti and CFO Joseph Tonnos. The SPAC was formed in partnership with Meteora Capital, an investment adviser specializing in SPAC-related investments.
Units list on the Nasdaq under the ticker symbol GSRMU and begin trading today. Each consists of one share, one-sixteenth of one right and a warrant.
After the securities begin separate trading, stock, rights and warrants are expected to be listed under the symbols GSRM, GSRMR and GSRMW, respectively.
Oppenheimer is sole underwriter for the offering. Read more.
