RedBall Acquisition Corp. is a newly incorporated special purpose acquisition company (SPAC), incorporated as a Cayman Islands exempted company and incorporated for the purpose of a business combination with one or more businesses. They have not selected any specific business combination target, nor have they stated any specific target industry.
Each unit has an offering price of $10.00 and consists of one ordinary share and 1/3 of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. No fractional warrants will be issued. The warrants will become exercisable on the later of 30 days after the completion of the initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of their initial business combination or earlier upon redemption or our liquidation.
The ticker symbol is "RBAC". The company is led by Gerald Cardinale and Billy Beane. The underwriter for this SPAC is Goldman Sachs.
Share the story on social media!
In Other News!