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Osprey Technology Acquisition Corp. (SFTW.U) Prices Upsized $275M SPAC


Osprey Technology Acquisition Corp. (SFTW.U) Prices Upsized $275M SPAC

Oct 31, 2019 INTEL by Kristi Marvin

Osprey Technology Acquisition Corp. (SFTW.U), announced the pricing of their upsized $275 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, November 1st, under the symbol NYSE: SFTW.U.

Osprey Technology will be focusing on companies in the technology sector and in particular, Software-as-a-Service companies (SaaS), and will be led by the Co-Chairmen team of Edward and Jonathan Cohen, and David DiDomenico, as Chief Executive Officer, President and Director.

Total SPAC deal count for 2019 year-to-date is now 45 with $10.83 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, November 5, 2019.

Congratulations to all.

Credit Suisse acted as sole book-running manager for the offering and I-Bankers Securities, Inc. acted as co-manager. Ledgewood and Skadden, Arps, Slate, Meagher  & Flom LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.