Better World Acquisition Corp. announced the pricing of its upsized $110 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “BWACU” tomorrow, Friday, November 13.
The new company aims to combine with a target with a strong environmental, social and governance (ESG) profile involved in making healthier, more sustainable lifestyles. Better World is led by Chairman, President and CEO Rosemary Ripley alongside CFO, Treasurer and Director Peter S.H. Grubstein and VP and Secretary Shay Murphy.
Total SPAC deal count for 2020 year-to-date is now 176 with $64.0 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 17.
EarlyBirdCapital, Inc. is acting as sole book-running manager of the offering and I-Bankers Securities, Inc. is acting as co-manager of the offering. Ellenoff, Grossman & Schole LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.