Locust Walk Acquisition Corp. (LWACU) Prices Upsized $153M IPO


Locust Walk Acquisition Corp. (LWACU) Prices Upsized $153M IPO

Jan 7, 2021 IPOs by Matt Cianci

Locust Walk Acquisition Corp. announced the pricing of its upsized $153 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “LWACU” Friday, January 8.

The new company aims to combine with a business in the healthcare or a healthcare related industry in the US or Europe. Powered Brands is led by CEO Chris Ehrlich and CFO Daniel Geffken.

Total SPAC deal count for 2021 year-to-date is now 23 with $5.52 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 12.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Ledgewood PC is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.