G Squared Ascend I Inc. (GSQD.U) Prices Upsized $300M IPO

SPAC pricing

G Squared Ascend I Inc. (GSQD.U) Prices Upsized $300M IPO

G Squared Ascend I Inc. announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “GSQD.U” Friday, February 5.

The new company aims to combine with a business in one of six trend areas: SaaS, online marketplaces, transportation technology, fintech, new media, or sustainability. G Squared is led by CEO Ward Davis, CFO Tom Hoban and Chairman Larry Aschebrook.

Total SPAC deal count for 2021 year-to-date is now 113 with $33.5 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 9.

UBS Investment Bank is acting as the sole book-running manager for the offering. Goodwin Procter LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.