Aequi Acquisition Corp. (ARBGU) Prices $200M IPO


Aequi Acquisition Corp. (ARBGU) Prices $200M IPO

Aequi 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 “ARBGU” tomorrow, November 19.

The new company aims to combine with a technology-driven company in the consumer space with strong ESG principles. Aequi is led by Chairperson and CEO Hope S. Taitz alongside CFO, Secretary and Director Joy Seppala.

Total SPAC deal count for 2020 year-to-date is now 190 with $67.2 billion in gross proceeds raised. This offering is expected to close on Monday, November 23.

RBC Capital Markets, LLC and BofA Securities, Inc. are acting as joint book-running managers for the offering with Samuel A Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC serving as co-managers. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.