SPAC Semper Paratus Acquisition prices $300 million IPO, led by former UPS CFO

Semper Paratus Acquisition, a blank check company led by the former CFO of UPS targeting transportation, supply chain, and logistics, raised $300 million by offering 30 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 Executive Chairman Richard Peretz, who spent nearly four decades at UPS, most recently serving as CFO; Vice Chairman Hooman Yazhari, the founder and CEO of impact aligned investment manager Mobility Capital Group; and CEO Ben Baldanza, who currently serves as the CEO of advisory firm Diemacher. The company plans to target the transportation, supply chain, and logistics industry in any stage of the target's corporate evolution.

Semper Paratus Acquisition plans to list on the Nasdaq under the symbol LGSTU. Cantor Fitzgerald acted as sole bookrunner on the deal.