Brookline Capital Acquisition Corporation (BCACU) Prices $50M IPO


Brookline Capital Acquisition Corporation (BCACU) Prices $50M IPO

Jan 28, 2021 IPOs by Matt Cianci

Brookline Capital Acquisition Corporation announced the pricing of its $50M IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “BCACU” tomorrow, January 29.

The new company aims to combine with a business in the life sciences industry. Brookline Capital is led by Chairman and CEO Dr. Samuel P. Wertheimer, President Scott A. Katzmann, and CFO Patrick A. Sturgeon.

Total SPAC deal count for 2021 year-to-date is now 85 with $23.655 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 2.

Ladenburg Thalmann is acting as 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. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.