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Berenson Acquisition Corp. I (NYSE: BACA) announced that it will transfer its Class A common stock listing from the New York Stock Exchange to NYSE American, effective March 13, 2023. The stock will continue to trade under the ticker symbol BACA. Additionally, on the same date, the Company’s units trading as BACA.U will be mandatorily separated, with no action required by unit holders. This separation will result in holders receiving shares of Class A common stock and redeemable warrants. Berenson is a SPAC focusing on the software and technology-enabled services sectors, aiming for a business combination exceeding $1 billion in enterprise value.
On November 15, 2021, Berenson Acquisition Corp. I (NYSE: BACA.U) announced that holders of its IPO units may commence trading shares of Class A common stock and warrants separately from November 18, 2021. Class A common stock will trade under the symbol BACA and warrants under BACA WS. The Company is positioned to explore acquisition opportunities primarily in the software and technology-enabled services sector, targeting businesses with an enterprise value exceeding $1 billion. The units will maintain trading under BACA.U if not separated.
Berenson Acquisition Corp. I successfully closed its initial public offering (IPO), raising $250 million by offering 25 million units priced at $10.00 each. Each unit includes one share of Class A common stock and a half redeemable warrant, with whole warrants exercisable at $11.50. The units are traded under the ticker symbol BACA.U. The company aims to target businesses in the software and technology-enabled services sectors with enterprise values exceeding $1 billion. The underwriters have a 45-day option for 3.75 million additional units.
