Artemis Strategic Investment Corp., a blank check company focused on the gaming, hospitality, and entertainment industries, raised $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. Anchor investors had indicated on 109% of units in the offering.
The company is led by Co-CEO and Chairperson Holly Gagnon, who previously served as the CEO of Seneca Gaming, which manages the gaming operations of the Seneca Nation of Indians, and Co-CEO Philip Kaplan, who currently serves as the CEO of GameWorks (GMWX) and Managing Partner of April Mountain Properties. The company plans to target businesses that provide transformational technology to experiential entertainment within the gaming, hospitality, and entertainment industries.
Artemis Strategic Investment Corp. plans to list on the Nasdaq under the symbol ARTEU. Barclays and BMO Capital Markets acted as joint bookrunners on the deal.
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