Schultze Special Purpose Acquisition Prices IPO at $10.00 Per Share (SAMAU)

Schultze Special Purpose Acquisition (SAMAU) plans to raise $150 million in an initial public offering (IPO) on Friday, December 7th, IPO Scoop reports. The company will be issuing 15,000,000 shares at $10.00 per share.

Schultze Special Purpose Acquisition has a market cap of $187.5 million.

EarlyBirdCapital and BTIG served as the underwriters for the IPO.

Schultze Special Purpose Acquisition provided the following description of their company for its IPO: ”  Our sponsor is an affiliate of Schultze Asset Management, LP, an alternative investment management firm founded in 1998 that focuses on distressed, special situation and event-driven securities. Schultze Asset Management’s investment objective is to achieve exceptional risk-adjusted capital appreciation through investments in various securities of companies in financial and/or legal distress or which have recently emerged from financial reorganizations or lawsuits. We intend to focus on pursuing acquisitions of target companies that have completed and emerged from a financial restructuring which may have included a Chapter 11 bankruptcy court protection filing. “.

Schultze Special Purpose Acquisition was founded in 2018 and has 0 employees. The company is located at 800 Westchester Avenue, Suite 632, Rye Brook, NY 10573, US and can be reached via phone at (914) 701-5260.

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