Mercury Ecommerce Acquisition Corp. announced the pricing of its $175 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “MEACU” Wednesday, July 28.
The new SPAC aims to combine with a high growth target with bolt-on acquisition opportunities and a substantial recurring revenue base. Mercury Ecommerce is led by Chairman M. Blair Garrou, President and CEO R. Andrew White, CFO and Secretary Winston Gilpin, and VP and CSO Christy Cardenas.
Total SPAC deal count for 2021 year-to-date is now 382. This offering is expected to close on Friday, July 30.
Needham & Company is serving as the sole book-running manager for the offering. Sidley Austin LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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