CC Neuberger Principal Holdings III priced its IPO of 35 million units at $10 each to raise $350 million.
The SPAC in its initial S-1 filing said it would target businesses with “compelling long-term growth, attractive competitive dynamics, consolidation opportunities and low risk of technological obsolescence.”
The SPAC is led by Chinh E. Chu, Matthew Skurbe, Douglas Newton, Jason K. Giordano, Charles Kantor and other senior executives of CC Capital and Neuberger Berman.
Units start trading today on the NYSE under PRPC.U. Read more.
