Anthemis Digital Acquisitions I Corp. (ADALU) Prices $200M IPO


Anthemis Digital Acquisitions I Corp. (ADALU) Prices $200M IPO

Oct 27, 2021 IPOs by Marlena Haddad

Anthemis Digital Acquisitions I Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “ADALU” Thursday, October 28.

The new SPAC intends to target businesses in digital financial services, or modern fintech, that are within Anthemis Group’s core investment thesis and aligned to Anthemis Group’s guiding principles: authentic collaboration, virtuous cycle outcomes and a commitment to diversity, equity and inclusion. Anthemis Digital I is led by CEO and Chair Amy Nauiokas, CFO Mei Lim, and COO Briana van Strijp.

Total SPAC deal count for 2021 year-to-date is now 496. This offering is expected to close on Monday, November 1.

Barclays Capital Inc. (“Barclays”) and Credit Suisse Securities (USA) LLC (“Credit Suisse”) are acting as book running managers and representative of the underwriters. Latham & Watkins LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.