Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: sixty2nds who wrote (2805)	9/10/2020 8:20:09 AM
From: sixty2nds	Read Replies (1) of 3862

seekingalpha.com Prime Impact prices $300M IPO Sep. 10, 2020 6:17 AM ET\|About: Prime Impact Acquisitio... (PIAIU)\|By: Niloofer Shaikh, SA News Editor A blank check company, Prime Impact Acquisition I ( PIAIU), has priced its initial public offering of 30M units at $10/unit. Sponsor Prime Impact Cayman, LLC has agreed to purchase 5.4M warrants at $1.50/warrant in a private placement, for an aggregate purchase price of $8.1M. The units will kick off trading on the NYSE today. Each unit consists of one ordinary share and one warrant to purchase one-third of one ordinary share at $11.50/share. Underwriters have fully exercised the overallotment option to purchase an additional 4.5 units. Closing date is September 14, 2020. Tech SPAC intend to focus on acquisition opportunities that capitalize on the growth of the data-centric economy targetting companies that are benefiting from the disruptive impact of new technologies and the continuing growth in developing markets, such as China and India. Now read: Palantir registers 244.2M shares for direct listing; investor event today »

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