Altimar Acquisition, a clean verify firm fashioned by HPS Funding Companions, raised $250 million by providing 25 million items at $10. Every unit consists of 1 share of widespread inventory and one-third of a warrant, exercisable at $11.50. The corporate initially deliberate to supply 30 million items earlier than reducing the unit providing on Wednesday.
The corporate is led by CEO and Chairman Tom Wasserman, Managing Director and head of the Development Fairness Group at HPS Funding Companions, and CFO Wendy Lai, who can also be a Managing Director at HPS and leads the company finance, regulatory capital compliance, and know-how transformation of monetary techniques. Altimar Acquisition plans to concentrate on 4 key industries: TMT, healthcare, monetary providers/fintech, and shopper. Altimar intends to pursue corporations which might be poised to expertise sturdy development and possess environment friendly enterprise fashions which have or could have sturdy money movement era.
Altimar Acquisition plans to checklist on the NYSE beneath the image ATACU. Goldman Sachs acted as sole bookrunner on the deal.
The article HPS Investment’s SPAC Altimar Acquisition prices $250 million IPO at $10 initially appeared on IPO funding supervisor Renaissance Capital’s web page renaissancecapital.com.
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