The Music Acquisition Corporation announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “TMAC.U” Wednesday, February 3.
The new company aims to combine with a business with strategic and operational expertise and a long-standing position within the music industry. The Music is led by Chairman and CEO Neil Jacobson and COO Todd Lowen.
Total SPAC deal count for 2021 year-to-date is now 97 with $28.3 billion in gross proceeds raised. This offering is expected to close on Friday, February 5.
Citigroup Global Markets Inc. and Cantor Fitzgerald & Co. are acting as joint bookrunning managers for the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with Vinson & Elkins LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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