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Group Nine Acquisition Corp. announced that starting March 8, 2021, investors can separately trade the shares of Class A common stock and warrants from the Units sold in its initial public offering. The Class A common stock and warrants will be listed on NASDAQ under the symbols "GNAC" and "GNACW," while unseparated Units will continue to trade under "GNACU." Barclays and Code Advisors served as underwriters for the offering, and a registration statement with the SEC was effective as of January 14, 2021.
Group Nine Acquisition Corp. (GNAC) recently closed its initial public offering (IPO) of 23,000,000 units, raising $230,000,000. The units, priced at $10.00 each, include one share of Class A common stock and one-third of a redeemable warrant. Trading commenced on Nasdaq under the symbol 'GNACU' on January 15, 2021. The offering was led by Barclays and Code Advisors. This IPO positions GNAC to engage in mergers or acquisitions, enhancing its potential market presence.
Group Nine Acquisition Corp. (GNAC) has successfully closed its IPO, raising $230 million by offering 23 million units at $10.00 each. The closing included the full exercise of the underwriters' over-allotment option. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant. The units started trading on Nasdaq under the symbol GNACU on January 15, 2021. The company, formed by Group Nine Media, aims to engage in various business combinations with other entities.
Group Nine Acquisition Corp. (GNAC) has priced its initial public offering (IPO) at $10 per unit, aiming for gross proceeds of $200 million from the sale of 20,000,000 units. GNAC, a blank check company formed by Group Nine Media, will trade under the ticker symbol 'GNACU' on Nasdaq starting January 15, 2021. Each unit includes one share of Class A common stock and one-third of a redeemable warrant, with the latter entitling holders to purchase shares at $11.50. The offering is expected to close on January 20, 2021, subject to customary conditions.
