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McLaren Technology Acquisition Priced, Nasdaq: MLAIU

Blank check company targeting FinTech and InsurTech (liquidated).

Industry: SPAC

Latest Trade: $10.40 +0.34 (+3.3%)

First Day Return: +0.7%

Return from IPO: +0.7%

Industry: SPAC

We are a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an initial business combination target in any business, industry or geographic location, we intend to focus our search on companies within the BFSI sector that leverage AI, ML, digital, technology, and fintech, where our management team has extensive experience. Our Board of Directors, led by our Chairman, Sajan Pillai, have combined decades of technology, AI, financial services and operator experience in various industries. The team consists of Sajan Pillai, Rajeev Nair, Murali Gopalan and John Vilina. We believe that our strong management team will enable the company to identify a valuable acquisition target that can thrive in a public-listing environment.
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IPO Data
IPO File Date 09/03/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.5
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/02/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.5
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Mizuho Securities
Company Data
Headquarters Irvine, CA, United States
Founded 2021
Employees 4

McLaren Technology Acquisition (MLAIU) Performance