Cascadia Acquisition Corp. (CAAIU) Prices $150M IPO


Cascadia Acquisition Corp. (CAAIU) Prices $150M IPO

Aug 25, 2021 IPOs by Kristi Marvin

Cascadia Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CAAIU” Thursday, August 26.

The new SPAC intends to focus its search on industry sectors that are being fundamentally reshaped by the introduction of advanced technologies, commonly referred to as “Industry 4.0.”. Industry 4.0 is seen as the fourth industrial revolution, using the building blocks of computing and advanced technologies like artificial intelligence, deep learning, computer vision, Internet of Things (“IoT”), gene sequencing, energy storage, and blockchain, to transform the physical, digital and biological worlds. Cascadia Acquisition Corp. is led by Chairman Michael Butler and Director and CEO Jamie Boyd.

Total SPAC deal count for 2021 year-to-date is now 415. This offering is expected to close on Monday, August 30.

Cantor Fitzgerald & Co. is acting as the sole book-running manager of the offering. Perkins Coie LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.