Science Strategic Acquisition Corp. Alpha announced the pricing of its $270 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SSAAU” tomorrow, January 26.
The new company aims to combine with a business in the direct-to-consumer brands, direct-to-consumer-services and mobile and social entertainment sectors. Science Strategic is led by Chairman and CEO Michael Jones, President Peter Pham, and CFO Thomas Dare.
Total SPAC deal count for 2021 year-to-date is now 70 with $19.8 billion in gross proceeds raised. This offering is expected to close on Thursday, January 28.
Credit Suisse is acting as sole book-running manager for the offering. Morrison & Foerster LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.