IPO for SPAC Ark Global Acquisition Corp. (ARKI) Opens at $10.62

February 5, 2021 11:41 AM EST

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Today's IPO for SPAC Ark Global Acquisition Corp. (NASDAQ: ARKIU) (NASDAQ: ARKI) opened for trading at $10.62 after pricing 30,000,000 units at a price to the public of $10.00 per unit.

Jefferies LLC is acting as sole book-running manager for the IPO.

Ark Global Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While Ark Global Acquisition Corp. may pursue a business combination in any industry, the company intends to favor next-generation technology businesses led by visionary founders and teams leveraging data and artificial intelligence in the areas of Consumer Internet and Marketplaces, Healthtech, Fintech and Mobility.

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Jefferies & Co, Definitive Agreement, IPO