Indigo Acquisition, a blank check company led by the founders of Cassel Salpeter targeting established businesses, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Indigo Acquisition is led by CEO and Chairman James Cassel and CFO, COO, and Director Scott Salpeter, the co-founders of middle market investment bank Cassel Salpeter & Co. The SPAC plans to target established, profitable businesses with strong fundamentals and significant upside potential.
Indigo Acquisition plans to list on the Nasdaq under the symbol INACU. EarlyBirdCapital acted as sole bookrunner on the deal.
