Novus Capital Corp. (NOVSU) Prices $100M SPAC IPO


Novus Capital Corp. (NOVSU) Prices $100M SPAC IPO

May 14, 2020 INTEL by Kristi Marvin

Novus Capital Corp. (NOVSU), announced the pricing of their $100 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Friday, May 15th, under the symbol NASDAQ: NOVSU.

Novus Capital Corp. intends to focus on companies in the “smart technology innovations market” and will be led by Robert Laikin, as Chairman, and Larry Paulson, as CEO and Director.

Total SPAC deal count for 2020 year-to-date is now 25 with $7.636 billion in gross proceeds raised. The offering is expected to close on Tuesday, May 19, 2020.

EarlyBirdCapital, Inc. is acting as the sole book-running manager of the offering. I-Bankers Securities, Inc. is acting as co-manager. Blank Rome LLP and Graubard Miller, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.