Pathfinder Acquisition registered today with the SEC to offer 27.5 million units at $10 each to riade $275 million in an IPO.
The new SPAC is a partnership between affiliates of HGGC, a middle-market private equity firm, and venture capital firm Industry Ventures. Pathfinder in the filing said, “We intend to focus our search on a growth-oriented technology or technology-enabled target that is at a key inflection point in its evolution and a beneficiary of secular tailwinds in one of several rapidly changing segments of the global economy.”
The SPAC is led by Chairman Rich Lawson, the chairman, CEO and co-founder of HGGC, where he has been involved in all phases of the firm’s development since its formation in 2007.
Pathfinder plans a Nasdaq listing under PFDRU. Read more.
