Minority Equality Opportunities Acquisition Inc. announced the pricing of its upsized $110 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MEOAU” Thursday, August 26.
The new SPAC intends to focus its search on a minority-owned business with an enterprise value of approximately $250 million to $500 million and has a defensible market position. Minority Equality Opportunities is led by CEO, President, and Chairman Shawn D. Rochester, and CFO, Treasurer, and Secretary Robin Watkins.
Total SPAC deal count for 2021 year-to-date is now 416. This offering is expected to close on Monday, August 30.
Maxim Group LLC served as the sole book-running manager on the offering. Pryor Cashman LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.