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SportsTek Acquisition Priced, Nasdaq: SPTKU

Blank check company targeting the sports and related sectors.

Industry: SPAC

Latest Trade: $9.94 0.00 (0.0%)

First Day Return: +3.0%

Return from IPO: -0.6%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an acquisition opportunity in any industry or sector, we intend to focus on a target within the sports and related sectors. Examples of areas that the team intends to focus on include sports franchises, media, data analytics, and technology and services businesses serving those end markets, among others. Our founders have extensive experience in these areas and we believe a business operating in one of these areas would benefit from our operational expertise and the networks of our management team. Our management team is led by Jeffrey Luhnow (Chair and Co-CEO), Tavo Hellmund (Co-CEO and director), and Timothy W. Clark (CFO, COO and director) who bring a combination of strategic, operational, financial and transactional experience paired with a track record of creating significant value. We believe our founders’ collective expertise will make us an attractive partner to potential target businesses, and will bring unique value creation opportunities through their networks.
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IPO News for SportsTek Acquisition
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IPO Data
IPO File Date 02/01/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/16/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Tulsa, OK
Founded 2020
Employees 3