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Vector Capital's tech SPAC Vector Acquisition prices $300 million IPO at $10

September 24, 2020

Vector Acquisition, a blank check company formed by Vector Capital targeting the tech industry, raised $300 million by offering 30 million shares at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Alex Slusky

The San Francisco, CA-based company plans to list on the Nasdaq under the symbol VACQU. Deutsche Bank and BofA Securities acted as lead managers on the deal.