Another SPAC has filed to IPO. This one is Burgundy Technology Acquisition Corp. ($BTAQ) and is priced at $400M. Units consist of one common share and 1/2 of a warrant. No prizes for guessing where the focus lies here... That's right, this SPAC is focused on Technology companies based specifically in Europe, Israel, and the United States. The underwriter for BTAQ is Mizuho.
Is the market becoming overSPACturated? We've seen a huge flurry of new SPACs of late and looks like we'll continue to do so!
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