Brookline Capital Acquisition Corp. (BCAC) Prices 5M Unit IPO at $10/Unit

January 29, 2021 5:53 AM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Brookline Capital Acquisition Corp. (NASDAQ: BCAC) announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Friday, January 29, 2021, under the ticker symbol “BCACU”. Each unit consists of one share of the Company’s common stock and one half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the common stock and warrants are expected to be listed on Nasdaq under the symbols “BCAC” and “BCACW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on life science companies in the United States and Europe. The Company is led by its Chief Executive Officer and Chairman, Samuel P. Wertheimer, its President, Scott A. Katzmann, and its Chief Financial Officer, Patrick A. Sturgeon.

Ladenburg Thalmann & Co. Inc. is acting as the sole book running manager for the offering.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Equity Offerings, IPOs, SPAC

Related Entities

Ladenburg Thalmann Financial Services, Definitive Agreement, IPO