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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.
On October 25, 2021, Berenson Acquisition Corp. I announced the partial exercise of its underwriters' over-allotment option in its IPO, resulting in an issuance of an additional 2,510,000 units at $10.00 each. This brings the total units issued to 27,510,000, raising approximately $275.1 million. Each unit consists of one share of Class A common stock and half a redeemable warrant, which allows purchasing shares at $11.50. The company focuses on acquiring businesses in the software and technology-enabled services sectors, targeting an enterprise value over $1 billion.
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.
