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  • Friday, November 22, 2024

KnightSwan SPAC IPO Aims to Raise $200M

KnightSwan Acquisition has put a $10 price tag on shares for its initial public offering and expects to raise $200 million.

The special purpose acquisition company intends to sell 20 million units that will trade Friday under the symbol “KNSW.U” on the New York Stock Exchange, KnightSwan said Thursday.

New York-based KnightSwan offered its book-running manager RBC Capital Markets an option to purchase up to three million additional units at their initial price to cover any over-allotments.

KnightSwan, whose management team includes six-time Wash100 Award recipient and Splunk (Nasdaq: SPLK) President and Chief Growth Officer Teresa Carlson, stated its intention to explore a potential combination with companies in the cloud, cybersecurity and mission intelligence sectors.

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