Mercato Partners Acquisition Corp. (MPRAU) Prices $200M IPO


Mercato Partners Acquisition Corp. (MPRAU) Prices $200M IPO

Mercato Partners Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MPRAU” Thursday, November 3.

The Company intends to capitalize on the ability of its management team and the broader Mercato Partners platform to identify, acquire and operate a business in either the technology or branded consumer products sector that possesses the suitable characteristics to achieve attractive long-term risk adjusted returns. Mercato Partners is led by CEO and Chairman of the Board Greg Warnock,  along with CFO and Secretary Scott Klosner.

Total SPAC deal count for 2021 year-to-date is now 522. This offering is expected to close on Monday, November 8.

BofA Securities is acting as the sole book-running manager and underwriter for the initial public offering.  Latham & Watkins LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel.  Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.