Artius Acquisition Inc. Prices Upsized $630M IPO


Artius Acquisition Inc. Prices Upsized $630M IPO

Jul 13, 2020 INTEL by Kristi Marvin

Artius Acquisition Inc. (AACQU), announced the pricing of their upsized $630 million SPAC IPO this evening and the units are expected to begin trading tomorrow, July 14th, under the symbol NASDAQ: AACQU.

Artius Acquisition Corp. will be focused on technology enabled businesses that directly or indirectly offer specific technology solutions, broader technology software and services, or financial and transactional services to companies of all sizes. Artius will be led by Charles Drucker, as Executive Chairman, and Boon Sim, as Chief Executive Officer, Chief Financial Officer and Director.

Total SPAC deal count for 2020 year-to-date is now 41 with $13.153 billion in gross proceeds raised. The offering is anticipated to close on Thursday, July 16, 2020.

Credit Suisse and Goldman Sachs & Co LLC acted as joint book-running managers. Cleary Gottlieb Steen & Hamilton LLP and Skadden, Arps, Slate, Meagher & Flom LLP were issuer’s counsel and underwriter’s counsel, respectively. Marcum LLP acted as auditor.