Avalon Acquisition Inc. (AVACU) Prices Upsized $180M IPO


Avalon Acquisition Inc. (AVACU) Prices Upsized $180M IPO

Avalon Acquisition Inc.  announced the pricing of its upsized $180 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “AVACU” Wednesday, October 6.

The Company intends to focus its search on financial services sectors that are undergoing radical change as a result of demographic shifts, changing consumer preferences, technological disruption and other innovative forces. Avalon Acquisition Inc. is led by Executive Chairman Donald H. Putnam, CEO S. Craig Cognetti,  President John Griff, and CFO R. Rachel Hsu.

Total SPAC deal count for 2021 year-to-date is now 455. This offering is expected to close on Friday, October 8.

Maxim Group LLC served as the sole book-running manager on the offering. Venable LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.