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Mission Advancement Corp. closed its upsized initial public offering on March 5, 2021, raising gross proceeds of $345 million by issuing 34.5 million units priced at $10.00 each. The offering included 4.5 million units from the underwriters' over-allotment option. Units trade on the NYSE under the ticker MACC.U, comprising one share of Class A common stock and one-third of a redeemable warrant, allowing purchase of additional shares at $11.50. Underwriters include Cantor Fitzgerald & Co and Moelis & Company.
Mission Advancement Corp. announced the pricing of its initial public offering (IPO) for 30 million units at $10.00 each, set to trade on the NYSE under the symbol 'MACC.U' from March 3, 2021. Each unit consists of one Class A common stock share and one-third of a warrant, allowing purchasers to buy additional shares at $11.50. The offering aims to raise $300 million, with underwriters given a 45-day option to purchase an additional 4.5 million units. This IPO will help the company seek partnerships with consumer-focused businesses across various sectors.
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