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Growth Capital Acquisition Corp Announces Closing of $172 5 Million Upsized Initial Public Offering and Full Exercise of the Overallotment Option
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Growth Capital Acquisition Corp. Announces Closing of $172.5 Million Upsized Initial Public .
Growth Capital Acquisition Corp.February 2, 2021 GMT
ATHENS, Greece, Feb. 02, 2021 (GLOBE NEWSWIRE) Growth Capital Acquisition Corp. (NASDAQ: GCACU) (“Growth Capital” or the “Company”) today announced the closing of its initial public offering of 17,250,000 units, which included 2,250,000 units sold upon the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit, resulting in total gross proceeds of $172.5 million. The units commenced trading on the Nasdaq Capital Market (“Nasdaq”) on January 29, 2021 under the symbol “GCACU”. Each unit consisted of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share