Chardan NexTech Acquisition 2 Corp. (CNTQU) Prices Upsized $110M IPO


Chardan NexTech Acquisition 2 Corp. (CNTQU) Prices Upsized $110M IPO

Aug 10, 2021 IPOs by Marlena Haddad

Chardan NexTech Acquisition 2 Corp. announced the pricing of its upsized $110 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CNTQU”, Wednesday, August 11.

The new company intends to combine with a businesses with disruptive technologies. Chardan NexTech 2 is led by Co-Founder and Chairman Kerry Propper, Co-Founder, CEO, Secretary and Treasury Jonas Grossman, and CFO Alex Weil.

Total SPAC deal count for 2021 year-to-date is now 402. This offering is expected to close on Friday, August 13.

Chardan is serving as sole book-running manager and B. Riley Securities, Inc. is acting as the qualified independent underwriter for the offering. Reed Smith LLP is serving as Issuer’s Counsel with Greenberg Traurig, LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.