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Petra Acquisition, Inc. (PAICU) Downsizes to $75M


Petra Acquisition, Inc. (PAICU) Downsizes to $75M

Aug 26, 2020 INTEL by Kristi Marvin

It’s the second downsize this week. In another sign the bifurcation among teams in the SPAC market is growing, Petra Acquisition, Inc. (PAICU), re-filed their S-1 this morning with a downsize to $75 million.  However, keep in mind that Petra originally filed as a $125 million, 1/2 warrant, 24 months, $10.00 in trust SPAC.  They
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