Edify Acquisition announced it offered 4 million additional units priced at $10 each to raise $240 million in an IPO, up 20 percent from the $200 million originally anticipated when the SPAC filed with the SEC last month.
Edify will target businesses in education, edtech, workforce development, and HCM sectors in the United States.
The SPAC is led by Chairwoman Susan Wolford, who was previously a Vice Chair of BMO Capital Markets. BMO is one of Edify’s underwriters.
Edify units begin trading today on the Nasdaq under EACPU.
