Blank Check company Easterly Acquisition files for a $150 million IPO

Easterly Acquisition, a blank check company formed by Easterly Capital own acquire a financial services business, filed and set terms for its IPO on Friday.

The Beverly, MA-based company plans to raise $150 million by offering 15 million units at a price $10 each. At that price, it would command a market value of $188 million. 

Earlier this year, Easterly Capital brought Easterly Government Properties (DEA) public, and the REIT now trades 6% above its offer price.

Easterly Acquisition, which was formed in 2015, plans to list its units on the NASDAQ under the symbol EACQU. Citi is the sole bookrunner on the deal. No pricing date was disclosed.