IPO for SPAC New Vista Acquisition Corp (NVSA) Opens at $10.57

February 17, 2021 10:39 AM EST

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Today's IPO for SPAC New Vista Acquisition Corp (NASDAQ: NVSA) (NASDAQ: NVSAU) opened for trading at $10.57 after pricing its upsized initial public offering of 24,000,000 units at $10.00 per unit.

The Company is a blank check company incorporated as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses engaged with emerging and transformational technologies, focusing particularly on businesses operating within (1) space, defense and communications and (2) advanced air mobility and logistics industries.

Citigroup Global Markets Inc. and Jefferies LLC are acting as joint book-running managers.

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