Genesis Growth Tech Acquisition Corp. (GGAAU) Prices Upsized $220M IPO

Genesis Growth Tech Acquisition Corp. announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GGAAU” Thursday, December 9.

The new SPAC intends to focus its search for a target in the high growth technology and tech-enabled businesses in Europe, Israel, the United Arab Emirates, and the United States in the consumer internet, e-commerce, and software industries. Genesis Growth Tech is led by Chairman, Chief Executive Officer, and Chief Financial Officer Eyal Perez, Co-Executive Chairman of the Board, Chief Strategy Officer, and President Michael Lahyani, Co-Executive Chairman of the Board, Chief Operating Officer and Executive Head of M&A Simon Baker.

Total SPAC deal count for 2021 year-to-date is now 580. This offering is expected to close on Monday, December 13.

Nomura Securities International, Inc. is acting as sole book-running manager for the offering. Orrick, Herrington & Sutcliffe LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Citrin Cooperman & Company, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.