Renaissance Capital logo

Edify Acquisition Priced, Nasdaq: EACPU

Blank check company formed by Colbeck Capital Management targeting the education sector.

Industry: SPAC

Latest Trade: $10.40 0.00 (0.0%)

First Day Return: +4.0%

Return from IPO: +4.0%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an acquisition opportunity in any business, industry, sector, or geographical location, we intend to focus our search for a target business in the learning and talent management industry which includes the education, edtech, workforce development, and HCM sectors. We intend to build a leading platform within this industry with attractive returns on invested capital and robust free cash flow generation. We hope to offer public market investors the opportunity to capitalize on the long-term trends favorably impacting these sectors including, but not limited to, the growing acceptance of online learning, accelerating digitization of education and training content, increasing focus on affordability, and growing emphasis on recruiting, reskilling, and retaining an increasingly skilled and remote workforce. We believe our management team is well-suited to identify and execute on opportunities that have the potential to generate attractive risk-adjusted returns for our stockholders and offer public market investors access and direct investment exposure to these trends. We are sponsored by Colbeck Edify Holdings, an affiliate of Colbeck Capital Management, a leading middle-market private equity asset manager focused on strategic lending.
more less
IPO News for Edify Acquisition
more
IPO Data
IPO File Date 12/28/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 24.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/14/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 24.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters New York, NY
Founded 2020
Employees 2
Website colbeck.com