Thrive Acquisition Corp. (THACU) Prices $150M IPO


Thrive Acquisition Corp. (THACU) Prices $150M IPO

Oct 20, 2021 IPOs by Marlena Haddad

Thrive Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “THACU” Thursday, October 21.

The new SPAC intends to partner with companies in the health and wellness sector that return growing and relatively non-cyclical cash flows over time. Thrive is led by CEO Charles Jobson, COO and CFO Charles Urbain, and President Benjamin Kao.

Total SPAC deal count for 2021 year-to-date is now 485. This offering is expected to close on Monday, October 25.

BTIG is acting as the sole book-running manager for the offering. I-Bankers Securities, Inc. is acting as co-manager for the offering. Katten Muchin Rosenman 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.