Ex-Freddie Mac CEO Charles Haldeman Jr. and other top real estate executives launched an IPO Friday to raise as much as $258.8M for 1Sharpe Acquisition Corp. (UNOOU), a SPAC that expects to focus on so-called “PropTech,” or property technology.
The group plans to sell 22.5M investment units for $10 apiece, with each consisting of one Class A share and 0.33 warrants entitling the holder to buy a second share in the future for $11.50.
The SPAC’s sponsor is also granting underwriters the option to buy up to 3.375M additional units for overallotments, potentially raising another $33.75M.
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