TKB Critical Technologies 1 (USCTU) Prices $200M IPO


TKB Critical Technologies 1 (USCTU) Prices $200M IPO

Oct 27, 2021 IPOs by Marlena Haddad

TKB Critical Technologies 1  announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “USCTU” Wednesday, October 27.

The new SPAC intends to target companies that provide critical technologies in the industrial base supply chain recognized by the United States Government as necessary to maintain the United States’ technological superiority and national security. TKB Critical Technologies 1 is led by Co-CEO and CFO Angela Blatteis, Co-CEO Greg Klein, and Executive Chairman Philippe Tartavull.

Total SPAC deal count for 2021 year-to-date is now 495. This offering is expected to close on Friday, October 29.

Jefferies is serving as the sole book-running manager for the offering with JMP Securities as the lead manager. Winston & Strawn LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.