North Mountain Merger Corp. announced the pricing of its $115 million IPO this morning and the units are expected to begin trading on the Nasdaq under the symbol “NMMCU” today, Friday, September 17th.
This new company aims to combine with a fintech company with a defensible market position and a capable management team. North Mountain is led by CEO, President and Director Charles B. Bernicker and CFO and Secretary Nicholas Dermatas.
Total SPAC deal count for 2020 year-to-date is now 104 with $40.3 billion in gross proceeds raised. This offering is expected to close on Tuesday, September 22, 2020.
Citigroup Global Markets Inc. is acting as sole book-running manager and sole underwriter of this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP serve as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
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