Group 9’s SPAC goes public

by RJ Shara | Jan 15, 2021 | Fundings and Exit

Group Nine Media revealed last month that it was forming a SPAC(short for special function acquisition corporation)in order to raise money for acquisitions. The company has now progressed with those plans, announcing last night that it had actually priced the SPAC’s IPO at$10 per unit, to raise an overall of$ 200 million. […]
The acquisition corporation, like Group Nine itself, is led by CEO Ben Lerer(imagined above)., with co-founder Brian Sugar becoming president of both Group 9 and now Group Nine Acquisition Corp. …