Tuatara Capital Acquisition Corporation announced the pricing of its upsized $175 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “TCACU” Friday, February 12.
The new company aims to combine with a cannabis business with institutional-level operations and financial controls. Tuatara is led by CEO Albert Foreman, COO Mark Zittman and CFO Sergey Sherman
Total SPAC deal count for 2021 year-to-date is now 140 with $42.2 billion in gross proceeds raised. This offering is expected to close on Wednesday, February 17.
J.P. Morgan and BMO Capital Markets are acting as the joint book-running managers of the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.