Ark Global Acquisition Corp. (ARKIU) Prices Upsized $300M IPO


Ark Global Acquisition Corp. (ARKIU) Prices Upsized $300M IPO

Ark Global Acquisition Corp. announced the pricing of its upsized $300 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “ARKIU” Friday, February 5.

The new company aims to combine with a business with unique technology for healthcare, mobility, financial services or consumer marketplaces. Ark Global is led by Chairman Sultan Almaadeed, CEO Richard Williams and CFO Steve Krenzer.

Total SPAC deal count for 2021 year-to-date is now 118 with $35.1 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 9.

Jefferies LLC is acting as the sole book-running manager for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Skadden, Arps, SLate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.