MCAP Acquisition Corporation (MACQU) Prices Upsized $275M IPO


MCAP Acquisition Corporation (MACQU) Prices Upsized $275M IPO

MCAP Acquisition Corporation announced the pricing of its upsized $275 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “MACQU,” Friday, February 26.

The new company aims to combine with a technology-enabled business services target with attractive return potential. MCAP is led by Chairman and CEO Theodore L. Koenig, alongside Co-Presidents Zia Uddin and Mark A. Solovy and CFO Scott A. Marienau.

Total SPAC deal count for 2021 year-to-date is now 179. This offering is expected to close on Tuesday, March 2.

Cowen is serving as the sole book-running underwriter for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.