Endurance Acquisition Corp. (EDNCU) Prices $200M IPO


Endurance Acquisition Corp. (EDNCU) Prices $200M IPO

Sep 14, 2021 IPOs by Marlena Haddad

Endurance Acquisition Corp.  announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “EDNCU” Wednesday, September 15.

The Company intends to focus on a target business operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services, or “space-based tech” businesses. Endurance Acquisition Corp. is led by Chairman Chandra R. Patel, CEO Richard C. Davis, CTO Graeme Shaw, and CFO Romeo A. Reyes.

Total SPAC deal count for 2021 year-to-date is now 433. This offering is expected to close on Friday, September 17.

Cantor Fitzgerald & Co is acting as sole book-running manager for the offering. Truist Securities is acting as lead manager for the offering. Morrison & Foerster LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.