Pivotal Acquisition Corp. (PVT.U) Prices $200 Million SPAC


Pivotal Acquisition Corp. (PVT.U) Prices $200 Million SPAC

Jan 31, 2019 INTEL by Kristi Marvin

Pivotal Acquisition Corp. (PVT.U), announced the pricing of their $200 million SPAC IPO this morning and the units are expected to begin trading today under the symbol NYSE: PVT.U.

Pivotal, which intends to focus on companies in North America that are ripe for disruption from digital technology, is being led by Jonathan Ledecky, as Chairman and CEO.

Pivotal Acquisition Corp. marks the second SPAC to price in 2019, year-to-date. The offering is expected to close on or about February 4, 2019.

Congratulations to all.

Cantor Fitzgerald acted as book-running manager and BTIG acted as lead manager of the offering.