IPO for SPAC Stratim Cloud Acquisition Corp. (SCAQ) Opens at $9.95

March 12, 2021 12:04 PM EST

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Today's IPO for SPAC Stratim Cloud Acquisition Corp. (NASDAQ: SCAQ) (NASDAQ: SCAQU) opened for trading at $9.95 after pricing 25,000,000 units at $10.00 per unit.

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. The Company intends to focus on businesses operating in the technology sector.

BofA Securities and Cowen are acting as joint book-running managers.

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Cowen & Co, Definitive Agreement, IPO, SPAC