Blue Ocean Acquisition Corp. (BOCNU) Prices Upsized $165M IPO
Blue Ocean Acquisition Corp. announced the pricing of its upsized $165 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BOCNU” Friday, December 3.
The new SPAC intends to focus its search for a target business or businesses in the digital media and consumer internet industries. Blue Ocean is led by Chairman Marcus Brauchli, Chief Executive Officer Paul Bascobert, Chief Strategy Officer and Chief Financial Officer Ankur Manglik, and Vice President Sean Glodek.
Total SPAC deal count for 2021 year-to-date is now 569. This offering is expected to close on Tuesday, December 7.
Needham & Company is acting as Sole Book-Running Manager for the offering. Sidley Austin LLP is serving as Issuer’s Counsel with DLA Piper LLP (US) serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.