Market Technology Acquisition, a blank check company targeting US equities and options clearing infrastructure, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
Market Technology Acquisition is led by CEO and Chairman Jonathan Slone, the CEO of uSmart Capital. He is joined by CFO, COO, and Director Christopher Hayes, a former Managing Director and Head of Strategic Transformation of Wedbush Securities. The SPAC intends to target the acquisition, recapitalization, and scaling of US equities and options clearing infrastructure.
The Rhinebeck, NY-based company will trade on the Nasdaq under the symbol MTAKU. BTIG acted as sole bookrunner on the deal.
