Sierra Lake Acquisition Corp. (SIERU) Prices $300M IPO


Sierra Lake Acquisition Corp. (SIERU) Prices $300M IPO

Sep 14, 2021 IPOs by Marlena Haddad

Sierra Lake Acquisition Corp.  announced the pricing of its $300 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SIERU” Wednesday, September 15.

The Company intends to focus on targets across various sectors outside of the waste disposal business that have a diversified and growing customer base. Sierra Lake is led by CEO Charles Alutto, CFO and Secretary Robert Ryder, Executive Co-Chairmen Richard Burke and Kenneth L. Campbell, COO Ross Berner, and President Scott Daum.

Total SPAC deal count for 2021 year-to-date is now 434. This offering is expected to close on Friday, September 17.

Cantor Fitzgerald & Co. is serving as sole book-running manager of the offering. Reed Smith 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.