Mount Rainier Acquisition Corp. (RNERU) Prices $150M IPO


Mount Rainier Acquisition Corp. (RNERU) Prices $150M IPO

Mount Rainier Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RNERU” Tuesday, October 5.

The Company intends to focus on established, technology-focused businesses either in the United States or internationally that have an aggregate enterprise value of approximately $500 million to $2.0 billion. Mount Rainier is led by CEO and Chairman Matthew Kearney and CFO Young Cho.

Total SPAC deal count for 2021 year-to-date is now 451. This offering is expected to close on Thursday, October 7.

A.G.P./Alliance Global Partners is the sole book-running manager for the IPO and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Manatt, Phelps & Phillips LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company, LLC is acting as trustee.