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Parabellum Acquisition Priced, NYSE: PRBM

Blank check company targeting the internet of things transformation (liquidated).

Industry: SPAC

Latest Trade: $9.95 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -0.5%

Industry: SPAC

We are a newly organized blank check company. While we may pursue a business combination opportunity in any industry, sector and geographic region, we intend to focus our search on companies with an enterprise value of $300 million to $1 billion that have unique propitiatory technologies and business models and are actively engaged in the Internet of Things (“IoT”) transformation in a variety of segments such as consumer, industrial, automotive, medical and others. Given the operational experience of our management team in the diversified and broad IoT technology sector, as well as track record of executing acquisitions in this space, we intend to capitalize on the ability of our team to identify, acquire and manage businesses in these sectors. We believe that as we are entering 2021 in a world impacted by the pandemic of 2020, there is a unique global opportunity in this space. Whether it’s business process automation, telehealth, industrial automation, logistical telematics, environmental monitoring, 5G adoption, remote work, education, sports & entertainment, health and leisure, autonomous transportation, touchless consumer experience or a number of other potent market driving forces, we are seeing IoT transformation at the center of this digital recovery.
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IPO Data
IPO File Date 03/26/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/27/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
B. Riley Securities
Company Data
Headquarters Dallas, TX, United States
Founded 2021
Employees 2
Website www.parabellumac.com

Parabellum Acquisition (PRBM) Performance