Z-Work Acquisition Corp. (ZWRKU) Prices $200M IPO


Z-Work Acquisition Corp. (ZWRKU) Prices $200M IPO

Z-Work Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ZWRKU” Friday, January 29.

The new company aims to combine with a business that is using innovative technology to transform the way work is executed, facilitated and enhanced. Z-Work is led by Executive Co-Chairmen Doug Atkin and Chris Terrill alongside President and CFO Adam Roston.

Total SPAC deal count for 2021 year-to-date is now 88 with $24.7 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 2.

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