KL Acquisition Corp (KLAQU) Prices $250M IPO

KL Acquisition Corp announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “KLAQU” Thursday, January 7.

The new company aims to combine with a healthcare business sporting a technology-driven business model and a strong competitive position. KL is led by CEO and Chairman Doug Logigian alongside CFO and Secretary Richard Gumer and COO David Kho.

Total SPAC deal count for 2021 year-to-date is now 16 with $3.98 billion in gross proceeds raised. This offering is expected to close on Monday, January 11.

Goldman Sachs & Co. LLC is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.