Technology SPAC one files for a $200 million IPO

Technology SPAC one files for a $200 million IPO

one, a blank check company led by the co-founder of Eventbrite and other industry veterans targeting the tech sector, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.

The San Francisco, CA-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed price, one would command a market value of $250 million.

Source: www.renaissancecapital.com