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Velocity Acquisition Priced, Nasdaq: VELO

Second blank check company formed by &vest targeting digital transformation (liquidated).

Industry: SPAC

First Day Return: +2.3%

We are a newly incorporated blank check company. While we may pursue an initial business combination with a company in any sector or geography, we intend to focus our search on “digital transformation” businesses — i.e., companies enabling corporations to accelerate the full digitization of their businesses — including digital services, digital platforms, and related sectors in North America. Velocity Acquisition Corp. is the second special purpose acquisition company (“SPAC”) formed by the principals of &vest, who include Doug Jacob, Michael Lastoria, Garrett Schreiber, Steve Kassin, Sandy Beall and Eugene Remm. &vest is a hybrid investment fund sponsor/creative agency that focuses its operational capabilities and deep networks to structure high-impact transactions across various investment product types. It focuses on entrepreneur-led businesses and, in addition to capital, provides value-add support in operations, branding, strategy, and partnerships. Within its SPAC franchise, &vest assembles and partners with best-in-class, operator-led management teams in sectors where &vest has deep expertise.
IPO Data
IPO Date 02/22/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $200
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Ridgefield, CT, United States
Founded 2020
Employees at IPO 4

Velocity Acquisition (VELO) Performance

Created with Highcharts 10.3.2Chart context menuVELO vs. IPO Index (IPOUSA)Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index