FTAC Parnassus Acquisition Corp. (FTPAU) Prices Upsized $220M IPO


FTAC Parnassus Acquisition Corp. (FTPAU) Prices Upsized $220M IPO

FTAC Parnassus Acquisition Corp. announced the pricing of its Upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FTPAU,” Friday, March 12.

The new company aims to combine with a technology or fintech target with an established business and strong growth prospects. FTAC Parnassus is led by Chairman Daniel G. Cohen, President and CEO Ryan M. Gilbert and CFO Joseph W. Pooler.

Total SPAC deal count for 2021 year-to-date is now 251. This offering is expected to close on Tuesday, March 16.

Cantor Fitzgerald & Co. is serving as the sole book-running manager for this offering. Ledgewood is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.