Accelerate Acquisition priced its IPO of 40 million units at $10 each.
Units begin trading today on the NYSE under AAQC.U. Each consists of one share of Class A common stock of the Company and one-third of one redeemable warrant. Whole warrants are exercisable at $11.50 per share. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under AAQC and AAQC WS, respectively.
The offering is expected to close March 22.
The SPAC has said it will target the industrial, transportation & mobility, consumer and retail sectors for a business combination. Read more.
