The new company aims to combine with a business providing technological innovation to real estate with a cross-industry platform. Crown PropTech is led by CEO Richard Chera and CFO Pius Sprenger.
Total SPAC deal count for 2021 year-to-date is now 127 with $37.6 billion in gross proceeds raised. This offering is expected to close on Thursday, February 11.
RBC Capital Markets is acting as the sole book-running manager for the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.