Artius in Upsized $630 Million SPAC
July 14, 2020
Cleary Gottlieb is representing Artius Acquisition Inc. (Artius) in its $630 million initial public offering.
Credit Suisse and Goldman Sachs are acting as joint bookrunning managers. Artius’ units (each comprised of one Class A ordinary share and one-third of one redeemable warrant) will begin trading on The Nasdaq Capital Market on Tuesday, July 14, 2020, under the symbol “AACQU.” The offering is expected to close on Thursday, July 16, 2020.
Artius is a special purpose acquisition company (a SPAC) co-founded by Charles Drucker, the former CEO of WorldPay, Inc., a leading payments company, and its predecessor company, Vantiv Inc., and Boon Sim, the founder and Managing Partner of Artius Capital Partners LLC. A SPAC is a blank-check company that has no operations but goes public with the intention of acquiring a company with the proceeds of its IPO. Artius will be focused on acquiring a target in the technology services sector.
For more information, please see the official press release here.