ROT.U News

Rotor Acquisition, a blank check company led by former dealmakers at Credit Suisse and BofA targeting the industrial and consumer sectors, raised $240 million by offering 24 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The SPAC originally filed to raise $200 million.  ...read more

Rotor Acquisition, a blank check company targeting the industrial and consumer sectors, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the...read more