Gaming & Hospitality Acquisition Corp. (GHACU) Prices Upsized $175M IPO


Gaming & Hospitality Acquisition Corp. (GHACU) Prices Upsized $175M IPO

Gaming & Hospitality Acquisition Corp. announced the pricing of its $175 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GHACU” Wednesday, February 3.

The new company aims to combine with a regional gaming, distributed gaming, or online/sports betting business with high barriers to entry. Gaming & Hospitality is led by Chairman James J. Zenni, CEO Mary Elizabeth Higgins, COO Eric Fiocco, and CFO Andrei Scrivens.

Total SPAC deal count for 2021 year-to-date is now 98 with $28.5 billion in gross proceeds raised. This offering is expected to close on Friday, February 5.

Deutsche Bank Securities Inc. is acting as the sole book-running manager for the offering. Sidley Austin LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.