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Crescendo Partners' SPAC Allegro Merger prices IPO at $10

July 2, 2018

Allegro Merger, a blank check company formed by Crescendo Partners' Eric Rosenfeld, raised $130 million by offering 13 million units at $10. Each unit consists of one share of common stock, one warrant exercisable at $11.50 and one right to receive one-tenth of one share of common stock.

Allegro Merger plans to list on the Nasdaq under the symbol ALGRU. Cantor Fitzgerald acted as a lead manager on the deal.