Waverley Capital Acquisition Corp. 1 announced the pricing of its $200 million IPO and its shares are expected to begin trading on the NYSE under the symbol “WAVCU” Friday, August 20.

The new SPAC intends to focus its search on a category-defining disruptive media business that has long-term, sustainable competitive positioning, such as proprietary technology. Waverley Capital 1 is led by Chairman Edgar Bronfman Jr.,  CEO Daniel Leff, and CFO Alan Henricks.

Total SPAC deal count for 2021 year-to-date is now 413. This offering is expected to close on Tuesday, August 24.

Evercore ISI and Morgan Stanley served as the joint book-running managers on the offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Akin Gump Strauss Hauer & Feld LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.