Acasta Enterprises increases IPO raise target to $350 mln
Acasta Enterprises Inc, a special purpose acquisition corporation (SPAC), has filed a final prospectus for an initial public offering. The IPO, which was previously priced to raise $275 million in gross proceeds, is now pegged to bring in $350 million. An over-allotment option granted to underwriters may see the Acasta SPAC raise over $400 million. The offering is expected to close before the end of the month. The Acasta SPAC is sponsored by Acasta Capital, a Toronto-based boutique merchant bank and advisory firm led by Anthony Melman, a former Onex Corp founding partner.
24 July 2015•6 mins read
