Seaport Prices $125M IPO

The SPAC intends to target companies engaged in electric grid operations, including electrification of transportation and smart batteries.

The new SPAC said it will focus on North American and European businesses in the consumer and technology sectors.

Richard Branson's latest SPAC will target businesses operating within Virgin's core sectors, including travel & leisure, financial services, health & wellness, technology & internet-enabled, music & entertainment, media & mobile, space, and renewable energy.