InterPrivate IV InfraTech Partners Inc. (Nasdaq: IPVI) announced that starting April 26, 2021, holders of units from its IPO can trade shares of common stock and warrants separately. No fractional warrants will be issued, and only whole warrants will trade under symbols 'IPVI' for common stock and 'IPVIW' for warrants. The units will continue trading as 'IPVIU.' The company, focused on high-growth businesses in technology, media, and telecom infrastructure, seeks to execute a business combination targeting firms with an enterprise value of $1 billion or more.
On March 4, 2021, InterPrivate IV InfraTech Partners Inc. (NASDAQ: IPVIU) appointed four new independent directors—James Eisenstein, Michael Perone, Gary Wojtaszek, and Peter Gross—to its board. The appointments come as the company aims to leverage their extensive backgrounds in the technology and digital infrastructure sectors. Eisenstein is recognized as a co-founder of American Tower, while Perone co-founded Barracuda Networks. Wojtaszek has experience as CEO of CyrusOne, and Gross is a noted expert in mission-critical infrastructure. These appointments are expected to enhance the company's strategy in identifying high-growth opportunities.
InterPrivate IV InfraTech Partners Inc. announced the closing of its initial public offering (IPO) on March 9, 2021, raising $287.5 million through the issuance of 28,750,000 units at $10.00 per unit. Each unit includes one share of Class A common stock and one-fifth of a redeemable warrant, with warrants exercisable at $11.50 per share. The company aims to focus on high-growth businesses in the technology, media, and telecom sectors, targeting firms with an enterprise value of $1 billion or more. The IPO is being managed by Morgan Stanley and Wells Fargo.
InterPrivate IV InfraTech Partners has priced its initial public offering (IPO) at $10.00 per unit, raising $250 million. The offering comprises 25 million units, each consisting of one share of Class A common stock and one-fifth of a redeemable warrant, with whole warrants exercisable at $11.50 per share. Trading begins on March 5, 2021, under the ticker symbol IPVIU. The offering will close on March 9, 2021.
InterPrivate plans to focus on mergers in the technology, media, and telecom sectors, targeting companies with an enterprise value of $1 billion or more.