Pivotal Acquisition Plans $200 Million IPO for February 1st (PVT.U)

Pivotal Acquisition (PVT.U) plans to raise $200 million in an IPO on Friday, February 1st, IPO Scoop reports. The company will be issuing 20,000,000 shares at a price of $10.00 per share.

Pivotal Acquisition has a market-cap of $250 million.

Cantor acted as the underwriter for the IPO and BTIG was co-manager.

Pivotal Acquisition provided the following description of their company for its IPO: ”  We are a newly organized blank check company incorporated as a Delaware corporation and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We believe that acquiring a leading, high-growth participant will provide a public currency to fund consolidation and fuel growth. Segments we might explore include, but are not limited to, logistics technology and “last mile” delivery services, business technology services, on-line cyber security and off-line physical security services, media and entertainment services and franchise businesses. “.

Pivotal Acquisition was founded in 2018 and has 0 employees. The company is located at The Chrysler Building 405 Lexington Avenue, New York, New York 10174, US and can be reached via phone at (212) 818-8800.

Receive News & Ratings for Pivotal Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pivotal Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply