Merida Merger Corp. I (MCMJU), announced the pricing of their upsized $120 million SPAC IPO this evening. Merida’s units are expected to begin trading Tuesday, November 5th, under the symbol Nasdaq: MCMJU, and are expected to begin trading on the Neo Exchange Inc. (the “NEO”) on or about November 8th, under the symbol MMK.UN.
Merida Merger Corp. I intends to focus on the cannabis sector and will be led by Peter Lee, as President, CFO and Director, along with Richard Sellers, as Executive Vice President of Mergers & Acquisitions. Mitchell Baruchowitz, who is the Managing Member of Merida Capital Partners, will be the Non-Executive Chairman of the Board of this SPAC.
Total SPAC deal count for 2019 year-to-date is now 47 with $11.17 billion in gross proceeds raised. The offering is expected to close on Thursday, November 7, 2019.
Congratulations to all.
EarlyBirdCapital, Inc. acted as sole book-running manager for the offering. Graubard Miller and Loeb & Loeb LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.