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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (2804)9/10/2020 8:10:47 AM
From: sixty2nds  Read Replies (1) | Respond to of 3862
 
seekingalpha.com

Starboard Value Acquisition prices upsized $360M IPO
Sep. 10, 2020 6:49 AM ET|About: Starboard Value Acquisi... (SVACU)|By: Niloofer Shaikh, SA News Editor

A blank check company formed by Starboard Value LP, Starboard Value Acquisition ( SVACU), has priced its upsized initial public offering of 36M(from 30M) units at $10/unit.

The units will kick off trading today on The Nasdaq Stock Market.

Each unit consists of one share of Class A common stock, one-sixth of one redeemable warrant, and a contingent right to receive at least one-sixth of one redeemable warrant. Each whole warrant is exercisable to purchase one share of Class A common stock at $11.50.

Underwriters' overallotment is an additional 5.4M units.

The offering is expected to close on September 14, 2020.

SPAC intends to focus on industries that align with the background and experience of its Sponsor and Industry Advisors, including the technology, healthcare, consumer, industrials and hospitality & entertainment sectors.

Now read: Prime Impact prices $300M IPO »