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Growth Capital Acquisition Corp. (NASDAQ: GCACU) has successfully closed its initial public offering, selling 17,250,000 units at $10.00 each for total gross proceeds of $172.5 million. The offering included 2,250,000 units from the underwriters’ over-allotment option. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with whole warrants exercisable at $11.50 per share. The units began trading on Nasdaq on January 29, 2021, under the symbol GCACU. Maxim Group LLC served as the sole book-running manager.
Growth Capital Acquisition Corp. (NASDAQ: GCACU) has priced its initial public offering (IPO) at $10.00, offering 15,000,000 units consisting of one share of Class A common stock and half a redeemable warrant. Trading on Nasdaq is set to begin on January 29, 2021, under the symbol 'GCACU'. Each whole warrant allows purchase of a Class A share at $11.50. The underwriters hold a 45-day option for an additional 2,250,000 units. The offering is expected to close on February 2, 2021, pending customary closing conditions.
