TS Innovation Acquisitions Corp. announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TSIAU” tomorrow, Tuesday, November 10.
The new company aims to combine with a target that provides innovative software, hardware, products, operations, or services for the real estate industry. TS Innovation is led by CEO and Chairman Robert J. Speyer alongside COO, CFO and Director Paul A. Galiano and Chief Investment and Director Joshua Kazam.
Total SPAC deal count for 2020 year-to-date is now 171 with $63.0 billion in gross proceeds raised. This offering is expected to close on Thursday, November 12.
BofA Securities, Inc. and Allen & Company LLC are acting as joint book-running managers for the offering. Sullivan & Cromwell LLP is serving as Issuer’s Counsel with Weil, Gotshal & Manges LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.