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Edify Acquisition Corp. has successfully closed its upsized initial public offering, raising $276 million by selling 27,600,000 units at $10.00 per unit. This includes 3,600,000 units from the full exercise of the underwriters' over-allotment option. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with the warrants priced at $11.50 per share. The securities began trading on Nasdaq under the symbol EACPU on January 15, 2021.
Edify Acquisition Corp. priced its upsized initial public offering of 24,000,000 units at $10.00 each, raising $240 million. The special-purpose acquisition company aims to focus on education, education technology, workforce development, and human capital management sectors. Trading under ticker symbol EACPU is set to begin on Nasdaq on January 15, 2021. Each unit includes one share of Class A common stock and half a redeemable warrant, with potential for further unit purchase options for underwriters. The SEC declared the registration effective on January 14, 2021.
