Noble Rock Acquisition Corp. (NRACU) Prices Upsized $210M IPO


Noble Rock Acquisition Corp. (NRACU) Prices Upsized $210M IPO

Feb 2, 2021 IPOs by Kristi Marvin

Noble Rock Acquisition Corp. announced the pricing of its upsized $210 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “NRACU” Tuesday, February 2.

Noble Rock Acquisition Corp. intends to focus on businesses in the software and tech-enabled services sectors that have an aggregate enterprise value between $750 million and $3 billion. The company will be led by Chief Executive Officer and Chairman Whitney A. Bower and Chief Financial Officer and Director Nominee Pete Low.

Total SPAC deal count for 2021 year-to-date is now 94 with $26.2 billion in gross proceeds raised. This offering is expected to close on Thursday, February 4th.

Stifel, Nicolaus & Company, Incorporated, Oppenheimer & Co. Inc. and William Blair & Company, L.L.C. are acting as joint book-running managers of the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.