Greenrose Acquisition Corp. (GNRSU) Prices $150M IPO

Greenrose Acquisition Corp. (GNRSU), announced the pricing of their $150 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, February 11th, under the symbol Nasdaq: GNRSU.

Greenrose will be focusing on companies in the cannabis industry and will be led by William (Mickey) Harley III, as Chief Executive Officer and Director, and Brendan Sheehan, as Executive Vice President, Corporate Strategy and Investor Relations, and Director.

Total SPAC deal count for 2020 year-to-date is now five with $1.287 billion in gross proceeds raised. The offering is anticipated to close on Thursday, February 13, 2020.

Congratulations to all.

Imperial Capital, LLC acted as sole book-running manager for the offering and I-Bankers Securities, Inc. acted as co-manager. Tarter Krinsky & Drogin LLP and K&L Gates LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.