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Bain Capital GSS Investment Corp. (NYSE:BCSSU) has successfully completed its initial public offering, raising $460 million through the sale of 46 million units at $10.00 per unit. The offering included the full exercise of the underwriter's 6-million-unit over-allotment option.
Each unit comprises one Class A ordinary share and one-fifth of one redeemable warrant, with whole warrants exercisable at $11.50 per share. The units trade on NYSE under "BCSS.U", with the shares and warrants to separately trade as "BCSS" and "BCSS.W" respectively.
The SPAC is sponsored by Bain Capital Special Situations, which manages over $22 billion in assets, and aims to combine with businesses positioned for long-term growth while leveraging Bain Capital's global platform and value-creation expertise.
