Berenson Acquisition Corp. (BACA.U) Prices $250M IPO

Berenson Acquisition Corp. I announced the pricing of its $250 million IPO and its units are expected to begin trading on the NYSE under the symbol “BACA.U” Tuesday, September 28.

The Company will seek businesses operating in the software and technology-enabled services sector with recurring/predictable revenue, the prospect for high free cash flow conversion at scale, and an enterprise value of at least $1 billion. Berenson is led by Chairman Jeffrey Berenson, CEO Mohammed Ansari, and CFO Amir Hegazy.

Total SPAC deal count for 2021 year-to-date is now 442. This offering is expected to close on Thursday, September 30.

BofA Securities and Wells Fargo Securities are the joint book-running managers for the offering.  Greenberg Traurig, P.A. is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.