Velocity Acquisition Corp. (VELOU) Prices $200M IPO

IPO

Velocity Acquisition Corp. (VELOU) Prices $200M IPO

Feb 22, 2021 INTEL by Kristi Marvin

Velocity Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “VELOU,” Tuesday, February 23.

Velocity Acquisition Corp. intends to focus on the life sciences sector. The company is led by Chairman Nominee and Director Nominee Sanjay Chadda and Chief Executive Officer and Director Adrian Covey.

Total SPAC deal count for 2021 year-to-date is now 163. This offering is expected to close on Thursday, February 25.


Citigroup Global Markets Inc. (“Citigroup”) and Canaccord Genuity LLC (“Canaccord Genuity”) are acting as joint lead bookrunners for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with White & Case 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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