RXR Acquisition Corp. (RXRAU) Prices Upsized $300M IPO

SPAC pricing

RXR Acquisition Corp. (RXRAU) Prices Upsized $300M IPO

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

The new company aims to combine with a proptech target or a business in an adjacent ecosystem improving urban efficiencies. RXR is led by CEO and Chairman Scott Rechler, CFO Michael Maturo and SVP of Investments Matthew Boras.

Total SPAC deal count for 2021 year-to-date is now 213. This offering is expected to close on Monday, March 8.

Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as the book-running managers for the offering. Gibson, Dunn & Crutcher LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.