Advanced Merger Partners priced its IPO of 25 million units at $10 each.
Units beging trading on the NYSE today under AMPI.U. Each consists of one share of Class A common stock and one-sixth of one redeemable warrant. Each whole warrant entitles the holder to purchase a share of Class A common stock at $11.50. Once the securities comprising the units begin separate trading, shares and redeemable warrants are expected to list under AMPI and AMPI WS, respectively.
The SPAC’s sponsor is an affiliate of investment bank Houlihan Lokey and investment advisory firm Saddle Point.
The offering is expected to close March 4. Read more.
