Rhea-AI Summary
Switchback II Corporation has launched its initial public offering (IPO) of 25,000,000 units at $10.00 per unit, with a 45-day option for underwriters to purchase an additional 3,750,000 units. Each unit includes one Class A ordinary share and one-fifth of a redeemable warrant, with a full warrant priced at $11.50 per share. The units are expected to be listed on the NYSE under SWBK.U, with Class A shares and warrants under SWBK and SWBK.WS respectively. Goldman Sachs is the sole book-running manager for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags