Sports Entertainment Acquisition Corp. announced the pricing of its upsized $400 million IPO this morning and the units are expected to begin trading on the NYSE under the symbol “SEAH.U” today, Friday, October 2nd.
This new company aims to combine with a target in the sports technology space with the potential to serve as a platform for additional acquisitions. It is led by CFO and Chairman Eric Grubman and CEO John Collins.
Total SPAC deal count for 2020 year-to-date is now 126 with $47.97 billion in gross proceeds raised. This offering is expected to close on Tuesday, October 2.
Goldman Sachs & Co. LLC and PJT Partners LP are acting as joint book-running managers. Ropes & Gray LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.