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Enterprise 4.0 Technology Acquisition Corp. closed its upsized initial public offering of 30,000,000 units, yielding gross proceeds of $300,000,000. The units were priced at $10.00 each, with 3,900,000 units from the underwriter’s over-allotment. The trading commenced on Nasdaq under the ticker symbol 'ENTFU' on October 19, 2021. The company, focused on potential technology sector mergers and acquisitions, anticipates separating its units into Class A shares and warrants, with future trading symbols being 'ENTF' and 'ENTFW'.
Enterprise 4.0 Technology Acquisition Corp. announced the pricing of its initial public offering (IPO) of 26,100,000 units at $10.00 each, beginning trading on Nasdaq under the ticker symbol ENTFU on October 19, 2021. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. The company aims to target businesses in the technology sector for potential mergers or acquisitions. Joint book-running managers for the offering are Cantor Fitzgerald & Co. and Mizuho Securities USA LLC, with an option for underwriters to purchase an additional 3,915,000 units.
