Shelter Acquisition Corporation I (SHQAU) Prices $200M IPO


Shelter Acquisition Corporation I (SHQAU) Prices $200M IPO

Shelter Acquisition Corporation I announced the pricing of its $200M IPO and its units are expected to begin trading on the Nasdaq under the symbol “SHQAU” Wednesday, June 30.

The new SPAC aims to combine with a proptech target that leverages disruptive technology to enact positive change in the real estate ecosystem. Shelter I is led by Chairman and CIO John Chandler, CEO Christopher Keber, CFO Danion Fielding, COO Kathleen Collins alongside Chief Communications Officer Whitney Topping and EVP of Strategic Investments Chris Bledsoe.

Total SPAC deal count for 2021 year-to-date is now 355. This offering is expected to close on Friday, July 2.

Citigroup and Wells Fargo Securities are acting as the joint book running manager in the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Vinson & Elkins LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.