AltC Acquisition Corp. (ALCC) Prices Upsized $450M IPO


AltC Acquisition Corp. (ALCC) Prices Upsized $450M IPO

AltC Acquisition Corp. announced the pricing of its upsized $450 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “ALCC” Thursday, July 8.

The new SPAC aims to combine with a target that is sourced through its proprietary channels where its management believes it has advantages of experience and expertise. AltC is led by Chairman Michael Klein, CEO Sam Altman and CFO Jay Taragin.

Total SPAC deal count for 2021 year-to-date is now 364. This offering is expected to close on Monday, July 12.

Citigroup, J.P. Morgan, Goldman Sachs & Co. LLC, and BofA Securities are acting as the joint book running managers in the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.