Z-Work Prices $200M IPO

Z-Work Acquisition offered 20 million units at $10 each to raise $200 million in its IPO.

The new SPAC was “created to take advantage of transformative macro and micro trends occurring domestically and internationally, driven by the impact of technology on how work is executed, facilitated and enhanced. We believe that this focus will allow us to identify many high growth-potential, tech-driven and tech-enabled targets.”

The SPAC’s units begin trading today on the Nasdaq under ZWRKU. Read more.

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Aries I Acquisition Liquidates

The balance of the trust as of March 8 was approximately $24 million. The SPAC had raised $125 million in a May 2021 IPO, although redemptions ahead of several extension votes whittled down the trust over the last 22 months.