G3 VRM Acquisition, a blank check company formed by G2 Capital Advisors targeting tech and business services, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
The Boston, MA-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half warrant, exercisable at $11.50. At the proposed deal size, G3 VRM Acquisition would command a market value of $126 million.
The company is led by CEO and Chairman Matthew Konkle, who serves as Senior Managing Director and Head of Industry Teams for G2 Capital Advisors, a middle market investment bank and advisory firm. He is joined by CFO Don Van der Wiel, who serves as Managing Director of G2 Capital Advisors. The company plans to target businesses in the technology and business services industry, focusing on those with enterprise values between $250 million and $500 million.
G3 VRM Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol GGGVU. Maxim Group LLC is the sole bookrunner on the deal.
