Burgundy Technology Acquisition Corp. (BTAQU) prices $300M IPO


Burgundy Technology Acquisition Corp. (BTAQU) prices $300M IPO

Burgundy Technology Acquisition Corp. (BTAQU) announced the pricing of its $300 million IPO tonight and the units are expected to begin trading on the Nasdaq tomorrow, Thursday, August 27th, under the symbol BTAQU.

Burgundy Technology Acquisition Corp. intends to focus on technology companies with potential to create compound growth and long-term value. The company will be led by Leo Apotheker as Chairman of the Board and Co-CEO, and Jim Mackey, as Co-CEO, CFO, Secretary and Director.

Total SPAC deal count for 2020 year-to-date is now 80 with $32.6 billion in gross proceeds raised. This offering is expected to close on Monday, August 31, 2020.

Mizuho Securities USA LLC is acting as the global coordinator and joint book-running manager for the offering. I-Bankers Securities, Inc. is acting as co-manager. Debevoise & Plimpton LLP serve as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.