FirstMark Horizon Acquisition, a blank check company formed by FirstMark Capital, raised $360 million by offering 36 million units at $10. The company offered 6 million more units than anticipated. 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 Richard Heitzmann and Chairman and President Amish Jani, who co-founded venture firm FirstMark Capital in 2008. The company plans on targeting a US-based tech business.
FirstMark Horizon Acquisition plans to list on the NYSE under the symbol FMAC.U. Credit Suisse acted as sole bookrunner on the deal.
