Belong Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BLNGU” Friday, July 23.
The new SPAC aims to combine with a later-stage technology or tech-enabled growth target that has a diverse management team and can bring unique value to customers in a sustainably differentiated manner. Belong is led by Chairman and CEO Jennifer Deason along with President and CFO Peter Saldarriaga.
Total SPAC deal count for 2021 year-to-date is now 379. This offering is expected to close on Tuesday, July 26.
Wells Fargo Securities, LLC and Loop Capital Markets LLC are serving as joint book-running managers for the offering. R. Seelaus & Co., LLC, Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC are serving as co-managers for the offering. Ledgewood, PC is serving as Issuer’s Counsel with Latham & Watkins 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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