Rotor Acquisition Corp. (ROT.U) Prices Upsized $240M IPO


Rotor Acquisition Corp. (ROT.U) Prices Upsized $240M IPO

Rotor Acquisition Corp. announced the pricing of its $240 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “ROT.U” Friday, January 15.

The new company aims to combine with a business that has a leading position within its respective industry and can capitalize on disruptive technology. Rotor is led by CEO, Secretary and Treasurer Brian D. Finn, Chairman Stefan M. Selig and CFO Amy Salerno.

Total SPAC deal count for 2021 year-to-date is now 46 with $12.3 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.

Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for this offering. Graubard Miller is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.