Omnichannel Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “OCA.U” tomorrow, Friday, November 20.
The new company aims to combine with a consumer target ready to transition to an omnichannel strategy with products that are undervalued by the market. Omnichannel is led by Chairman and CEO Matt Higgins, CFO Christine Pantoya and COO Austin Simon.
Total SPAC deal count for 2020 year-to-date is now 193 with $67.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 24.
Citigroup Global Markets, Inc. acted as the sole book-running manager for the offering with Odeon Capital Group LLC serving as Co-Manager. Winston & Strawn LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
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