Rosecliff Acquisition Corp I (RCLFU) Prices Upsized $220M IPO


Rosecliff Acquisition Corp I (RCLFU) Prices Upsized $220M IPO

Rosecliff Acquisition Corp I announced the pricing of its upsized $220 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “RCLFU” Friday, February 12.

The new company aims to combine with a tech-enabled business driven by a visionary leader or serial entrepreneur with a track record of success. Rosecliff I is led by CEO Michael Murphy, President Jordan Zimmerman and CFO Kieran Goodwin.

Total SPAC deal count for 2021 year-to-date is now 139 with $42 billion in gross proceeds raised. This offering is expected to close on Wednesday, February 17.

BTIG, LLC is acting as the sole book-running manager for the offering. Skadden, Arps, Meagher & Flom LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.