Bite Acquisition Corp. (BITE.U) Prices Upsized $175M IPO


Bite Acquisition Corp. (BITE.U) Prices Upsized $175M IPO

Bite Acquisition Corp. announced the pricing of its $175 million IPO this morning and its units are expected to begin trading on the NYSE under the symbol “BITE.U” today, Friday, February 12.

The new company aims to combine with a restaurant business valued at $400 million to $850 million with a concept that has been successful in multiple trade areas. Bite is led by Chairman Rafael Felipe de Jesus Aguirre Gomez, CEO Alberto Ardura Gonzalez and CFO Axel Molet Warschawski.

Total SPAC deal count for 2021 year-to-date is now 144 with $44.3 billion in gross proceeds raised. This offering is expected to close on Wednesday, February 17.

EarlyBirdCapital, Inc. is acting as the sole book-running manager of the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.