Heartland Media Acquisition Corp. (HMA.U) Prices $175M IPO


Heartland Media Acquisition Corp. (HMA.U) Prices $175M IPO

Jan 20, 2022 IPOs by Marlena Haddad

Heartland Media Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “HMA.U” Friday, January 21.

The new SPAC intends to focus its search on a business in the media, entertainment and sports sectors with a strong management team. Heartland Media is led by CEO Robert S. Prather, Jr.

Total SPAC deal count for 2022 year-to-date is now 21. This offering is expected to close on Tuesday, January 25.

BofA Securities and Moelis & Company are acting as the joint book-running managers for the offering. Proskauer Rose LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.