Growth Capital Acquisition Corp. (GCACU) Prices Upsized $150M IPO


Growth Capital Acquisition Corp. (GCACU) Prices Upsized $150M IPO

Growth Capital Acquisition Corp. announced the pricing of its upsized $150 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “GCACU” Friday, January 29.

The new company aims to combine with a business valued at $300 million to $1.5 billion that hosts strong product platforms within niche market segments. Growth Capital is led by President, Chairman and Co-CEO Prokopios Tsirigakis and Co-CEO and CFO George Syllantavos.

Total SPAC deal count for 2021 year-to-date is now 91 with $25.28 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 2.

Maxim Group LLP is acting as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.