Natural Order Acquisition Corp. (NOACU) Prices $200M IPO


Natural Order Acquisition Corp. (NOACU) Prices $200M IPO

Natural Order Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “NOACU” tomorrow, Wednesday, November 11.

The new company aims to combine with a target producing sustainable plant-based food or beverages, alternative protein, or ingredients to remove animals from the food supply chain. Natural Order is led by President, CEO and Director Paresh Patel, CFO and Secretary Marc Volpe and Chairman Sebastiano Cossia Castiglioni.

Total SPAC deal count for 2020 year-to-date is now 173 with $63.4 billion in gross proceeds raised. This offering is expected to close on Friday, November 13.

Chardan and Barclays acted as joint book running managers in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.