Spartacus Acquisition Corporation (TMTSU) Prices Downsized $200M IPO


Spartacus Acquisition Corporation (TMTSU) Prices Downsized $200M IPO

Spartacus Acquisition Corporation announced the pricing of its $200 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “TMTSU” today, Thursday, October 15. This is a downsize from $250 million originally.

The new company aims to combine with a company in the telecom, media or technology spaces with an enterprise value between $1 billion and $3 billion. Spartacus is led by Chairman and CEO Peter D. Aquino alongside CFO and Director Igor Volshteyn.

Total SPAC deal count for 2020 year-to-date is now 141 with $54.5 billion in gross proceeds raised. This offering is expected to close on Monday, October 19.

B. Riley Securities, Inc. acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.