Software Acquisition Group Inc. (SAQNU) Prices Up-sized $130M SPAC IPO

SPAC pricing

Software Acquisition Group Inc. (SAQNU) Prices Up-sized $130M SPAC IPO

Nov 19, 2019 INTEL by Kristi Marvin

Software Acquisition Group Inc. (SAQNU), announced the pricing of their up-sized $130 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, November 20th, under the symbol NASDAQ: SAQNU.

Software Acquisition Group will be focusing on software companies and will be led by Jonathan Huberman, as Chairman, Chief Executive Officer and Chief Financial Officer.

Total SPAC deal count for 2019 year-to-date is now 53 with $12.22 billion in gross proceeds raised. The offering is anticipated to close on Friday, November 22, 2019.

Congratulations to all.


B. Riley FBR, Inc., acted as sole book-running manager for the offering.  Ellenoff Grossman & Schole LLP & Kirkland & Ellis LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.

 

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