Ignyte Acquisition Corp. (IGNYU) Prices $50M IPO


Ignyte Acquisition Corp. (IGNYU) Prices $50M IPO

Ignyte Acquisition Corp. announced the pricing of its $50 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “IGNYU” Thursday, January 28.

The new company aims to combine with a healthcare or life sciences business facing value-driving milestones in the next 12-24 months. Ignyte is led by Chairman and Co-CEO David I. Rosenberg alongside Co-CEO David J. Strupp and CFO Steven Kaplan.

Total SPAC deal count for 2021 year-to-date is now 82 with $22.8 billion in gross proceeds raised. This offering is expected to close on Monday, February 1.

EarlyBirdCapital, Inc. is serving as the sole book-running manager for the offering. Graubard Miller is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.