Stable Road Acquisition Corp. (SRACU) Prices $150M SPAC IPO

IPO

Stable Road Acquisition Corp. (SRACU) Prices $150M SPAC IPO

Nov 7, 2019 INTEL by SPACInsider

Stable Road Acquisition Corp. (SRACU), announced the pricing of their $150 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, November 8th, under the symbol Nasdaq: SRACU.

Stable Road will be focusing on companies in the cannabis sector and will be led by Brian Kabot, as Chairman and CEO.

Total SPAC deal count for 2019 year-to-date is now 49 with $11.5 billion in gross proceeds raised. The offering is anticipated to close on Wednesday, November 13, 2019.

Congratulations to all.


Cantor Fitzgerald acted as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuer’s Counsel and Underwriter’s Counsel, respectively.

 

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