Locust Walk Acquisition Corp. Announces Completion of $175,000,000 Initial Public Offering, Including Exercise of Over-Allotment Option

By Benzinga4 days ago

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PHILADELPHIA and BOSTON, Jan. 12, 2021 /PRNewswire/ -- Locust Walk Acquisition Corp. (NASDAQ:LWACU) (the “Company“), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced the completion of its initial public offering of 17,500,000 units at a price of $10.00 per unit, which includes 2,200,000 units issued pursuant to the exercise of the underwriters' over-allotment option, for gross proceeds to the Company of $175,000,000. The Company's units began trading on The Nasdaq Capital Market (“Nasdaq“) under the symbol “LWACU“ on January 8, 2021. Each unit issued in the offering consists of one share of the Company's Class A common stock and one-third of one warrant, with each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “LWAC“ and ...

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