Blockchain Coinvestors Acquisition Corp. I announced the pricing of its upsized $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BCSAU” Wednesday, November 10.
The new SPAC intends to focus its search on companies in the financial services, technology and other sectors of the economy that are being enabled by emerging applications of blockchain. Blockchain Coinvestors Acquisition Corp. I is led by Managing Director and Chair of the Board James Matthew Le Merle, Managing Director and CEO & Director Lou Kerner, and Managing Director Alison Davis.
Total SPAC deal count for 2021 year-to-date is now 537. This offering is expected to close on Monday, November 15.
Cantor Fitzgerald & Co. and Moelis & Company LLC are acting as joint book-running managers of the offering. Perkins Coie 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.
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