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SaaS-focused SPAC Global Technology Acquisition I files for a $150 million IPO

July 13, 2021

Global Technology Acquisition I, a blank check company targeting SaaS, fintech, and marketplaces, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.

The New York, NY-based company plans to raise $150 million by offering 15 million units at $10 per unit. Each unit contains one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, the company would command a market value of $188 million. 

Global Technology Acquisition I is led by CEO and Director Arnau Porto, co-founder and Managing Partner of Greentrail Capital, Executive Chairman Fabrice Grinda, co-founder and Managing Partner of FJ Labs and co-founder and former co-CEO of online marketplace OLX, and CFO and Director Caludia Gast, CFO and Operating Partner of Greentrail Capital. The company aims to leverage management's experience to target businesses in the marketplace, financial technology, and software-as-a-service verticals in Europe, Latin America, and North America. 

The company was founded in 2021 and plans to list on the Nasdaq under the symbol GTACU. Global Technology Acquisition I filed confidentially on March 4, 2021. Citi, and Goldman Sachs are the joint bookrunners on the deal.