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Technology Stocks : Blank Check IPOs (SPACS)

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To: sixty2nds who wrote (2752)8/13/2020 9:02:21 AM
From: sixty2nds  Read Replies (1) of 3862
 
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Billy Beane-led SPAC raises $500M in IPO
Aug. 13, 2020 8:32 AM ET|About: RedBall Acquisition Corp. (RBAC)|By: Stephen Alpher, SA News Editor

RedBall Acquisition Corp. ( RBAC) announces the sale of 50M units at $10 each. The deal was led by Goldman Sachs.

Each unit contains one Class A common share and one-third of one warrant struck at $11.50 per share.

It's the first SPAC dedicated to sports, with Billy Beane of Moneyball fame serving as co-chairman. His fellow co-chair will be ex-Goldman partner Gerry Cardinale. The CEO will be former Cleveland Browns and Dallas Cowboy exec Alec Scheiner.

Previously: Billy Beane getting in on SPAC action (July 28)
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