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Build Acquisition Corp. (BGSX.U) Prices $200M IPO

Build Acquisition Corp. (BGSX.U) Prices $200M IPO

Build Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “BGSX.U,” Wednesday, March 17.

The new company aims to combine with a SaaS, infrastructure software or fintech target with differentiated technology and high barriers to competition. Build is led by Chairman and Co-CEO A. Lanham Napier, Co-CEO Zeynep Young and CFO, CIO and Secretary Tanner Cerand.

Total SPAC deal count for 2021 year-to-date is now 259. This offering is expected to close on Friday, March 19.

Cowen and Allen & Company LLC are acting as joint book-running managers for the offering. Shearman & Sterling LLP is serving as Issuer’s Counsel with Nelson Mullins Riley & Scarborough LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.