Semper Paratus Acquisition Corp. (LGSTU) Prices $300M IPO


Semper Paratus Acquisition Corp. (LGSTU) Prices $300M IPO

Semper Paratus Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LGSTU” Thursday, November 3.

The new SPAC intends to pursue an acquisition opportunity in the transportation, supply chain and logistics industry in any stage of the target’s corporate evolution. Semper Paratus is led by Executive Chairman Richard N. Peretz, Vice Chairman Hooman Yazhari, CEO Ben Baldanza, President Jeff Rogers, and CFO Phillippe J. Kurzweil.

Total SPAC deal count for 2021 year-to-date is now 514. This offering is expected to close on Monday, November 8.

Cantor Fitzgerald & Co. is acting as sole book-running manager of the offering. Reed Smith 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.