SportsMap Tech Acquisition Corp. (SMAPU) Prices $100M IPO


SportsMap Tech Acquisition Corp. (SMAPU) Prices $100M IPO

Oct 18, 2021 IPOs by Marlena Haddad

SportsMap Tech Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SMAPU” Tuesday, October 19.

The new SPAC intends to combine with a sports tech company, specifically focusing on fan engagement, health and wellness, esports, and fantasy sports. SportsMap Tech is led by CEO David Gow, CFO Jacob Swain, and CSO Lawson Gow.

Total SPAC deal count for 2021 year-to-date is now 472. This offering is expected to close on Thursday, October 21.

Roth Capital Partners and Craig-Hallum are acting as the joint book running managers for the offering. Schiff Hardin LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.