Soaring Eagle Acquisition Corp., Led by Eagle Equity Partners' Harry Sloan, Jeff Sagansky and Eli Baker Announces Pricing of $1.5 Billion IPO

By Benzingaabout 20 hours ago

Soaring Eagle Acquisition Corp. (the “Company“), the seventh public acquisition vehicle led by Eagle Equity Partners' Harry Sloan, Jeff Sagansky and Eli Baker today announced the pricing of its initial public offering of 150,000,000 units, at a price of $10.00 per unit. Each unit issued in the initial public offering consists of one Class A ordinary share and one-fifth of one warrant to purchase one Class A ordinary share at an exercise price of $11.50 per share. The units will be listed on the Nasdaq Capital Market (“Nasdaq“) and trade under the ticker symbol “SRNGU“ beginning on February 24, 2021. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “SRNG“ and “SRNGW,“ respectively. The offering is expected to close on February 26, 2021.

Soaring Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company's efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region. While the Company may pursue an initial business combination opportunity in any industry or sector, it intends ...

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