Insight
Coliseum Acquisition Corp. Announces Pricing of US$150M IPO
Insight
Coliseum Acquisition Corp. Announces Pricing of US$150M IPO
June 25, 2021
Winston & Strawn LLP represented the underwriters—Stifel, Nicolaus & Co., Inc.—in connection with Coliseum Acquisition Corp. (the “Company”), a special purpose acquisition company, which announced the pricing of its IPO of 15,000,000 units at a price of US$10.00 per unit. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and will begin trading on June 23, 2021, under the ticker symbol “MITAU.” Each unit issued in the offering consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of US$11.50 per share. Once the securities comprising the units commence separate trading, the Class A ordinary shares and redeemable warrants are expected to be, respectively, listed on Nasdaq under the symbols “MITA” and “MITAW.” No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The offering is expected to close on June 25, 2021, subject to customary closing conditions. Stifel, Nicolaus & Co., Inc. is the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option from the date of the final prospectus to purchase up to an additional 2,250,000 units at the IPO price to cover over-allotments, if any.