Lefteris Acquisition Corp. (LFTRU) Prices $200M IPO
Lefteris Acquisition Corp. announced the pricing of its downsized $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “LFTRU” tomorrow, Wednesday, October 21.
The new company aims to combine with a fintech company valued at between $600 million and $1.3 billion with artificial intelligence and other process automation features. Lefteris is led by Chairman Mark Casady, CEO and Director Karl Roessner and CFO and Chief Corporate Development Officer Jon Isaacson.
Total SPAC deal count for 2020 year-to-date is now 149 with $56.47 billion in gross proceeds raised. This offering is expected to close on Friday, October 23.
Morgan Stanley & Co. LLC is acting as book-running manager. Ropes & Gray LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.