Sean Macnew News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article Share this article NEW YORK, Jan. 20, 2021 /PRNewswire/  Group Nine Acquisition Corp. ( GNAC or the Company ), announced today the closing of its initial public offering of 23,000,000 units which included the full exercise of the underwriters over-allotment option, at a price of $10.00 per unit, resulting in aggregate gross proceeds of $230,000,000. GNAC is a newly organized, blank check company formed by Group Nine Media, Inc. for the purpose of carrying out a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The units began trading on the Nasdaq Capital Market ( Nasdaq ) under the ticker symbol GNACU on January 15, 2021. Each unit consists of one share of GNAC s Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at an exercise price of $11.50 pe

New yorkUnited statesSean macnewBen lererJen wongRichardd parsonsBroadridge financial solutionsLazard ltdGroup nine acquisition corpGroup nine mediaExchange commissionTime incGroup nine media incLazard groupGroup nine acquisitionNasdaq capital market