Acies Acquisition Corp. (ACACU) Prices $200M IPO

SPAC pricing

Acies Acquisition Corp. (ACACU) Prices $200M IPO

Acies Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACACU” tomorrow, Friday, October 23.

The new company aims to combine with a target in the live, location-based and mobile experiential entertainment industries. Acies is led by Chairman James J. Murren, Co-CEOs Daniel Fetters and Edward King alongside EVP Christopher Grove.

Total SPAC deal count for 2020 year-to-date is now 159 with $58.9 billion in gross proceeds raised. This offering is expected to close on Tuesday, October 27.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Oppenheimer & Co. Inc. are acting as the book-running managers for the offering. Ellenoff Grossman & Schole LLP serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.