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United Talent Agency's SPAC UTA Acquisition files for a $200 million IPO

November 10, 2021

UTA Acquisition, a blank check company formed by United Talent Agency targeting the gaming industry, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.

The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, UTA Acquisition would command a market value of $250 million.

The company is led by Chairman Reginald Fils-Aimé, the former COO of Nintendo of America; Co-CEO and Director Clinton Foy, General Partner of Venture Capital at talent, entertainment, and athlete representation company United Talent Agency (UTA); Co-CEO Jamie Sharp, a former Business Development Manager at Google; and President Ophir Lupu, Partner and Head of Video Games at UTA.

The company plans to leverage management's experience and UTA's network to target the gaming industry, as well as related areas within the broader digital media, creator economy, entertainment, and technology landscape.

UTA Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol UTAAU. The company filed confidentially on September 1, 2021. Credit Suisse is the sole bookrunner on the deal.