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Waverley Capital Acquisition Corp. 1 (NYSE: WAVCU) has successfully closed its initial public offering (IPO) of 20 million units at $10.00 each. The units, which consist of one Class A ordinary share and one-third of a warrant, began trading on the New York Stock Exchange on August 20, 2021. The warrants allow for the purchase of shares at $11.50 each. This SPAC aims to pursue a merger or acquisition with a suitable business. The offering was managed by Evercore ISI and Morgan Stanley, with the registration statement effective as of August 19, 2021.
Waverley Capital Acquisition Corp. 1 has priced its initial public offering (IPO) at $10.00 per unit, offering 20,000,000 units on the New York Stock Exchange under the ticker symbol WAVCU. Each unit includes one Class A ordinary share and one-third of a redeemable warrant. The offering, led by Evercore ISI and Morgan Stanley, is expected to close on August 24, 2021. The company is newly formed and aims to engage in business combinations. Investors should note the forward-looking statements regarding the IPO's completion and use of proceeds.
