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Industrial Tech Acquisitions II, Inc. (Nasdaq: ITAQU) will allow holders of its initial public offering units to separately trade shares of its Class A common stock (symbol: ITAQ) and warrants (symbol: ITAQW) starting March 4, 2022. Units that remain unseparated will continue to trade under the symbol ITAQU. This move offers investors greater flexibility in managing their holdings. The company aims to pursue business combinations primarily in technology sectors, including software and telecommunications.
Industrial Tech Acquisitions II has successfully completed its initial public offering (IPO), raising $172.5 million by issuing 17,250,000 units at $10.00 each. The IPO included 2,250,000 units from the underwriter's over-allotment option. The company's units began trading on Nasdaq under the symbol ITAQU on January 12, 2022. Each unit consists of one share of Class A common stock and one-half warrant, with warrants exercisable at $11.50. Industrial Tech Acquisitions II aims to pursue business combinations in technology-focused sectors, including software and IoT applications.
Industrial Tech Acquisitions II has priced its initial public offering (IPO) at $10.00 per unit, aiming to raise capital for potential business combinations. The IPO includes 15 million units, each consisting of one share of Class A common stock and half a redeemable warrant. The units will trade on Nasdaq under the symbol ITAQU starting January 12, 2022. Wells Fargo Securities serves as the book-running manager while Maxim Group LLC acts as co-manager. The company has granted underwriters a 45-day option to purchase up to 2.25 million additional units to cover over-allotments.
