SportsTek Acquisition Corp announced the pricing of its upsized $150 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SPTKU” Wednesday, February 17.
The new company aims to combine with a sports franchise or business in a sports-adjacent sector like media, data analytics or services. SportsTek is led by Chair and Co-CEO Jeffrey Luhnow, Co-CEO C. Tavo Hellmund and CFO and COO Timothy W. Clark.
Total SPAC deal count for 2021 year-to-date is now 151. This offering is expected to close on Friday, February 19.
Stifel is acting as the sole book-running manager for the offering. O’Melveny & Myers 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.