G3 VRM Acquisition Corp. (GGGVU) Prices $100M IPO


G3 VRM Acquisition Corp. (GGGVU) Prices $100M IPO

Jun 30, 2021 IPOs by Marlena Haddad

G3 VRM Acquisition Corp.  announced the pricing of its $100 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “GGGVU” Thursday, July 1.

The new SPAC aims to combine with a target within the technology industry, such as software, with an enterprise value of approximately $250 million to $500 million. G3 VRM is led by Chairman and CEO Matt Konkle, and CFO Don Van der Wiel.

Total SPAC deal count for 2021 year-to-date is now 360. This offering is expected to close on Tuesday, July 6.

Maxim Group LLC is acting as the sole book running manager in the offering. Harter Secrest & Emery LLP serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.