Learn CW Investment, a blank check company formed by Learn Capital and Commonwealth Asset Management targeting education, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
The Los Angeles, CA-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Learn CW Investment would command a market value of $313 million.
The company is led by CEO and Director Robert Hutter and COO Greg Mauro, co-founders and Managing Partners of education-focused venture firm Learn Capital, and President and Director Adam Fisher, the founder and CIO of Commonwealth Asset Management Holdings. The company plans to target the education, training, and education technology ("EdTech") industries.
Learn CW Investment was founded in 2021 and plans to list on the NYSE under the symbol LCW.U. Evercore ISI is the sole bookrunner on the deal.
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