Tekkorp Digital Acquisition Corp. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TEKKU” tomorrow, Wednesday, October 21.
The new company aims to combine with a target in the digital media, sports, entertainment, leisure, or gaming industries. Tekkorp is led by CEO and Director Matthew Davey, Chairman Morris Bailey, CFO Eric Matajevich, and President Robin Chhabra.
Total SPAC deal count for 2020 year-to-date is now 154 with $57.88 billion in gross proceeds raised. This offering is expected to close on Friday, October 23.
Jefferies LLC is serving as the sole book running manager with Macquarie Capital (USA) Inc. serving as co-manager for the offering. Skadden, Arps, Meagher & Flom LLP is serving 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.