Oyster Enterprises Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “OSTRU” Wednesday, January 20.
The new company aims to combine with a business in a fragmented industry capable as serving as an M&A platform that has a defensible market position. Oyster is led by CEO and Vice Chairman Heath B. Freeman, CFO Joshua P. Kleban, Chairman Randall D. Smith alongside Chief Legal Officer, COO and Secretary Michael J. Monticciolo.
Total SPAC deal count for 2021 year-to-date is now 56 with $15.6 billion in gross proceeds raised. This offering is expected to close on Friday, January 22.
Imperial Capital and I-Bankers Securities. Inc. are acting as joint book-running managers for this offering. Sidney Austin LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.