Technology SPAC Rodgers Silicon Valley Acquisition prices $200 million IPO at $10

Rodgers Silicon Valley Acquisition, a blank check company targeting a technology business in Silicon Valley, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Thurman Rodgers, who previously co-founded Cypress Semiconductor and served as CEO from its 1982 inception until 2016, and CFO Emmanuel Hernandez, who previously served as CFO of SunPower (Nasdaq: SPWR) and currently serves as Chairman of BrainChip (ASX: BRN). Rodgers Silicon Valley Acquisition's plans to target a Silicon Valley-based technology company with applications in the energy or industrial sectors.

Rodgers Silicon Valley Acquisition plans to list on the Nasdaq under the symbol RSVAU. Oppenheimer & Co. acted as a lead manager on the deal.