Seaport Calibre Materials Acquisition Corp. (SCMAU) Prices $130M IPO

Seaport Calibre Materials Acquisition Corp.  announced the pricing of its $130 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SCMAU” Thursday, October 28.

The new SPAC intends to focus on businesses in the steel, metals, and metals processing sector. Seaport Calibre Materials is led by Chairman Stephen Smith, CEO Jim Tumulty, CFO Ed Siegel, and CIO Shawn Tumulty.

Total SPAC deal count for 2021 year-to-date is now 497. This offering is expected to close on Monday, November 1.

Seaport Global Securities LLC is acting as sole book-running manager. Paul Hastings LLP is serving as Issuer’s Counsel with Baker Botts LLP serving as Underwriter’s Counsel.  EisnerAmper LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.