Mallard Acquisition Corp. (MACUU) Prices $110M IPO


Mallard Acquisition Corp. (MACUU) Prices $110M IPO

Mallard Acquisition Corp. announced the pricing of its $110 million IPO this afternoon and its units are expected to begin trading on the Nasdaq under the symbol “MACUU” today, October 27.

The new company aims to combine with a company involved in industrial specialty services or differentiated manufacturing valued at $300 million to $500 million. Mallard is led by CEO, President and Director P. Jeffrey Leck and CFO, Treasurer and Director John F. Kirtley.

Total SPAC deal count for 2020 year-to-date is now 162 with $59.46 billion in gross proceeds raised. This offering is expected to close on Thursday, October 29.

Chardan Capital Markets, LLC acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Hunter Taubman Fischer & Li LLC serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.