Global Tech Acquisition Corp. I (GTACU) Prices Upsized $175M IPO


Global Tech Acquisition Corp. I (GTACU) Prices Upsized $175M IPO

Oct 21, 2021 IPOs by Marlena Haddad

Global Tech Acquisition Corp. I announced the pricing of its upsized $175 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “GTACU” Thursday, October 21.

The new SPAC intends to focus on technology companies that operate in the marketplace, financial technology and Software-as-a-service verticals within Europe, Latin America and the United States, where it believes its management team, board members and advisors have a competitive advantage based on their prior experiences and investments. Global Tech I is led by Executive Chairman Fabrice Grinda, CEO Arnau Porto Dolc,  CFO and Secretary Claudia Gast, and Chief Strategy Officer Jeffrey Weinstein.

Total SPAC deal count for 2021 year-to-date is now 486. This offering is expected to close on Monday, October 25.

Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.