Publishing date: Dec 18, 2020 • December 18, 2020 • 2 minute read •
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(Bloomberg) Makram Azar, a former senior banker at Barclays Plc, and dealmaker Scott Freidheim raised $300 million after boosting the size of their blank-check company’s U.S. initial public offering.
Golden Falcon Acquisition Corp. sold 30 million units at $10 apiece in the oversubscribed deal, it said in an emailed statement dated Thursday. The special purpose acquisition company was initially offering 25 million units at that price.
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The SPAC will primarily look for targets in the European technology, media and telecommunications industry as well as the region’s financial technology sector, according to the statement. Golden Falcon will start trading Friday on the New York Stock Exchange under the ticker “GFX.U
NEW YORK–(BUSINESS WIRE)–Golden Falcon Acquisition Corp. (the “
Company”) announced today that it priced its initial public offering of 30,000,000 units, upsized from 25,000,000 units, at $10.00 per unit. The units will be listed on the New York Stock Exchange (“
NYSE”) and will begin trading tomorrow, Friday, December 18, 2020 under the ticker symbol
“GFX.U”. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on the NYSE under the symbols “