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Simon Property Group Acquisition Holdings announced that starting April 12, 2021, holders of its 34,500,000 initial public offering units can separately trade Class A common stock and warrants. The Class A shares will trade under the symbol SPGS and warrants under SPGS WS on the NYSE, while unseparated units will trade under SPGS.U. Sponsored by SPG Sponsor, LLC, the Company aims for a business combination in various sectors, focusing on businesses in the 'Live, Work, Play, Stay, Shop' ecosystem.
Simon Property Group Acquisition Holdings announced the successful closing of its initial public offering of 34,500,000 units, raising $345 million at $10.00 per unit. This includes the full exercise of underwriter options. The units began trading on the NYSE under the symbol 'SPGS.U' on February 19, 2021. They comprise one share of Class A common stock and one-fifth of a redeemable warrant, with full warrants allowing purchase of shares at $11.50. The company aims to pursue business combinations in the 'Live, Work, Play, Stay, Shop' ecosystem.
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