Mission Advancement Corp. (MACC.U) Prices Upsized $300M IPO


Mission Advancement Corp. (MACC.U) Prices Upsized $300M IPO

Mission Advancement Corp. announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “MACC.U,” Wednesday, March 3.

The new company aims to combine with a consumer company advancing social inclusion valued at $1 billion or above. Mission Advancement is led by CEO and Co-Chairman Jahm Najafi, CFO Peter Keane, COO and Head of Business Development Dean Schnider, and Co-Chairman Colin Kaepernick.

Total SPAC deal count for 2021 year-to-date is now 207. This offering is expected to close on Friday, March 5.

Cantor Fitzgerald & Co and Moelis & Company are acting as joint book-running managers for the offering. Loop Capital Markets is acting as lead manager for the offering. Ellenoff Grossman & Schole 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.