Model Performance Acquisition Corp. (MPACU) Prices $50M IPO


Model Performance Acquisition Corp. (MPACU) Prices $50M IPO

Model Performance Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MPACU”, Thursday, April 8.

The new company aims to combine with a growing business with an enterprise value between $200 million and $600 million. Model Performance is led by CEO and Chairman Claudius Tsang alongside President and CFO Serena Shie.

Total SPAC deal count for 2021 year-to-date is now 302. This offering is expected to close on Monday, April 12.

Maxim Group LLP is serving as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Schiff Hardin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.