Pathfinder Acquisition Corporation (PFDRU) Prices Upsized $300M IPO


Pathfinder Acquisition Corporation (PFDRU) Prices Upsized $300M IPO

Pathfinder Acquisition Corporation 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 “PFDRU,” Wednesday, February 17.

The new company aims to combine with a technology business that has proven unit economices that are compelling and sustainable. Pathfinder is led by Chairman Richard Lawson, CEO David Chung, CIO Lindsay Sharma, and CFO Lance Taylor

Total SPAC deal count for 2021 year-to-date is now 150. This offering is expected to close on Friday, February 19.

Deutsche Bank Securities Inc., RBC Capital Markets, LLC, and Stifel, Nicolaus & Company, Incorporated are serving as joint book-running managers for this offering. Kirkland & Ellis 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.