Highland Acquisition, a blank check company formed by the founders of Highland Capital Management, announced terms for its IPO on Monday.
The Dallas, TX-based company plans to raise $250 million by offering 25 million shares at a price of $10. At the proposed price, Highland Acquisition would command a fully diluted market value of $313 million.
Highland Acquisition was founded in 2016. It plans to list on the Nasdaq under the symbol HLACU. Ladenburg Thalmann & Co. is the sole bookrunner on the deal. Pricing information was not disclosed.