Accelerate Acquisition Corp. (AAQCU) Prices $400M IPO


Accelerate Acquisition Corp. (AAQCU) Prices $400M IPO

Accelerate Acquisition Corp. announced the pricing of its $400 million IPO and its shares are expected to begin trading on the NYSE under the symbol “AAQC.U”, Thursday, March 18.

The new company aims to combine with a target in the industrial, transportation & mobility, consumer or retail sectors. Accelerate is led by CEO and Chairman Robert Nardelli alongside COO, CFO and Treasurer Michael Simoff and Head of Business Development and Secretary Jeffrey Kaplan.

Total SPAC deal count for 2021 year-to-date is now 265. This offering is expected to close on Monday, March 22.

UBS Investment Bank is acting as sole book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.