Waverley Capital Acquisition 1 registered with the SEC to offer 30 million units at $10 each. A unit consists of one Class A ordinary share and one-fourth of one redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC said it will work to acquire a business focused on media, technology or entertainment.
Waverley is led by Chairman Edgar Bronfman Jr., co-founder, chairman and general partner of Waverley. He is also senior advisor and special limited partner of Luminari Capital (the predecessor fund to Waverley) and managing partner at Accretive. Prior to Waverley, Bronfman was the Chairman and CEO of Warner Music Group.
The SPAC intends to apply for a NYSE listing under WAVCU. Read more.
