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Group Nine Acquisition Priced, Nasdaq: GNACU

Blank check company formed by Group Nine Media targeting the media industry (liquidated).

Industry: SPAC

Latest Trade: $10.09 +0.18 (+1.8%)

First Day Return: +11.0%

Return from IPO: -0.9%

Industry: SPAC

We are a newly organized, blank check company. We have not selected any specific target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding a business combination with our company. As described further below, we currently intend to combine with Group Nine Media, Inc., a digital media company and the parent company of our sponsor, concurrent with the completion of our initial business combination. We will not, however, complete an initial business combination with only Group Nine Media. Although we may pursue a target business in any stage of its corporate evolution or in any industry, sector or geographic region, we initially intend to focus our search on target businesses in the digital media and adjacent industries, including the social media, e-commerce, events, and digital publishing and marketing sectors. We currently intend to capitalize on the ability of our management team to identify, acquire and operate a business in the digital media and/or adjacent industries, as well as on the reputation, significant experience and relationships of our management team to complete an initial business combination.
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IPO Data
IPO File Date 12/21/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
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 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Barclays
CODE Advisors
Company Data
Headquarters New York, NY, United States
Founded 2020
Employees 3
Website www.groupninemedia.com

Group Nine Acquisition (GNACU) Performance