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Avanti Acquisition Priced, NYSE: AVAN.U

Blank check company formed by NNS Group and Sienna Capital targeting a European business.

Industry: SPAC

Latest Trade: $9.99 -0.01 (-0.1%)

First Day Return: -0.5%

Return from IPO: 0.0%

Industry: SPAC

We are a newly formed blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target. Our sponsor is an affiliate of the NNS Group, a single-family office founded by Mr. Nassef Sawiris, and Sienna Capital, the wholly-owned alternative investment platform of Groupe Bruxelles Lambert, a publicly traded investment holding company, or GBL. We refer to NNS Group and Sienna Capital as our founders. We intend to identify and acquire one or more businesses across various industries in Europe, with a strong U.S. nexus and international reach. We believe this regional focus offers a differentiated investment opportunity to our shareholders. We plan to leverage our team’s European sourcing channels and extensive relationships within the business and financial community to build a pipeline of business combination opportunities.
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IPO News for Avanti Acquisition
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IPO Data
IPO File Date 09/16/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 60.0
Deal Size ($mm) $600
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/01/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 60.0
Deal Size ($mm) $600
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Grand Cayman, Cayman Islands
Founded 2020
Employees 2