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Corner Ventures and Corner Growth Acquisition Corp. (Nasdaq: COOLU) announced the appointment of Jerome Letter as Partner, CFO, and COO of both firms. Letter brings over 20 years of experience in corporate finance and operations, previously holding significant roles at Airbnb and InterMedia Partners. His expertise is expected to drive growth and enhance Corner's venture capital success. David Kutcher transitions from CFO of Corner Growth to Chief Investment Officer, maintaining key leadership in the organization, which aims to support high-growth technology companies.
Corner Growth Acquisition Corp. announced its upsized initial public offering (IPO) of 35,000,000 units priced at $10.00 per unit, set to trade on Nasdaq under the symbol ‘COOLU’ starting December 17, 2020. Each unit includes one Class A ordinary share and one-third of a redeemable warrant. The company is led by Co-Chairman John Cadeddu and CEO Marvin Tien, focusing on the technology sector. Cantor Fitzgerald & Co. is the sole book-running manager. The closing of the offering is expected on December 21, 2020, pending customary conditions.