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BOA Acquisition Corp. has successfully closed its IPO, raising $200 million by offering 20 million units at $10 each, bolstered by a full exercise of the underwriters' over-allotment option. The units, which began trading on the NYSE under the symbol 'BOAS.U', consist of Class A common stock and warrants. The company aims to focus on merging with PropTech firms with enterprise values above $500 million, targeting technological innovation in the real estate sector. BTIG, LLC acted as the sole book-running manager for the offering.