Black Ridge Acquisition (BRACU) expects to raise $100 million in an IPO on Thursday, October 5th, IPO Scoop reports. The company plans to issue 10,000,000 shares at a price of $10.00 per share.
The company has a market cap of $128.5 million.
EarlyBirdCapital acted as the underwriter for the IPO and Chardan and I-Bankers Securities were co-managers.
Black Ridge Acquisition provided the following description of their company for its IPO: “We are a blank check company formed under the laws of the State of Delaware on May 9, 2017. We were formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities, which we refer to as a “target business.” To date, our efforts have been limited to organizational activities as well as activities related to this offering. We intend to focus our search on businesses in the energy or energy-related industries with an emphasis on opportunities in the upstream oil and gas industry in North America where our management team’s networks and experience are suited although our efforts to identify a prospective target business will not be limited to a particular industry or geographic region. “.
Black Ridge Acquisition was founded in 2017 and has 0 employees. The company is located at 110 North 5th Street, Suite 410, Minneapolis, MN 55403, US and can be reached via phone at (952) 426-1241.