Atlantic Coastal Acquisition Corp. (ACAHU) Prices $300M IPO


Atlantic Coastal Acquisition Corp. (ACAHU) Prices $300M IPO

Atlantic Coastal Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACAHU,” Thursday, March 4.

The new company aims to combine with a next-generation mobility target with access to unique opportunities. Atlantic Coastal is led by CEO and Chairman Shahraab Ahmad, President Burt Jordan, Chief Strategy Officer Anthony D. Eisenberg, CFO Ronald C. Warrington, and COO Ned Sizer.

Total SPAC deal count for 2021 year-to-date is now 209. This offering is expected to close on Monday, March 8.

BTIG, LLC is acting as the sole book running manager for the offering and Academy Securities, Inc., Loop Capital Markets LLC and Siebert Williams Shank & Co., LLC are acting as co-managers of the offering. Pillsbury Winthrop Shaw Pittman LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.