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Monocole Acquisition Corp. (MNCLU) Prices $150 Million SPAC


Monocole Acquisition Corp. (MNCLU) Prices $150 Million SPAC

Monocle Acquisition Corporation (MNCLU), announced the pricing of their $150 million SPAC IPO this evening and the units are expected to begin trading tomorrow, February 7th, under the symbol Nasdaq: MNCLU.

Monocle, which intends to focus on businesses in the aerospace and defense, industrial, and technology and telecommunications sectors, is being led by Sai Devabhaktuni, as Chairman, and Eric Zahler, as CEO.

Total SPAC deal count for 2019 year-to-date is now five with $938 million in gross proceeds raised. The offering is expected to close on or about February 11, 2019.

Congratulations to all.

Cowen and Chardan acted as joint book running managers in the offering.