Lerer Hippeau Acquisition Corp. (LHAAU) Prices $200M IPO

SPAC pricing

Lerer Hippeau Acquisition Corp. (LHAAU) Prices $200M IPO

Lerer Hippeau Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “LHAA,” Friday, March 5.

The new company aims to combine with a technology-enabled target in health, consumer, logistics or industrial automation. Lerer Hippeau is led by Chairman Kenneth Lerer, CEO Eric Hippeau, President Ben Lerer, COO Joe Medved, and CFO Treasurer and Secretary Dan Rochkind.

Total SPAC deal count for 2021 year-to-date is now 227. This offering is expected to close on Tuesday, March 9.

Barclays Capital Inc., Code Advisors LLC and Drexel Hamilton LLC are serving as underwriters for the offering, with Barclays Capital Inc. serving as the sole bookrunning manager. Proskauer Rose LLP is serving as Issuer’s Counsel with White & Case serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.