26 Capital Acquisition Corp. (ADERU) Prices Upsized $240M IPO


26 Capital Acquisition Corp. (ADERU) Prices Upsized $240M IPO

26 Capital Acquisition Corp. announced the pricing of its $240 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ADERU” Friday, January 15.

The new company aims to combine with a gaming, ecommerce or entertainment business that harbors unexploited growth or acquisition opportunities. 26 Capital is led by CEO and Chairman Jason Ader and CFO John Lewis.

Total SPAC deal count for 2021 year-to-date is now 49 with $13.0 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.

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