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Bloomberg Surveillance: Early Edition Full Show (10/15/2021)

Bloomberg Markets and Finance published this video item, entitled " Bloomberg Surveillance: Early Edition Full Show (10/15/2021)" - below is their description.

Europe-focused SPAC successfully launches on Nasdaq

Share this article Share this article NEW YORK, Jan. 26, 2021 /PRNewswire/ North Atlantic Acquisition Corporation ( NAAC or the Company ), today closed its initial public offering of 37,950,000 units at a price of $10.00 per unit.  This closing included the upsizing of the transaction, as well as the full exercise of the underwriters over-allotment option.  Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $379,500,000 (or $10.00 per unit sold in the public offering) was placed in the Company s trust account.  The units are listed on the Nasdaq Capital Market ( Nasdaq ) and commenced trading under the ticker symbol NAACU on January 22, 2021.  Each unit consists of one Class A ordinary share and one-third of one redeemable warrant.  Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to readjustment. Only whole warrants

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