13 Jan, 2021

Noble Rock Acquisition files for $200M IPO

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By Ali Imran Naqvi


Noble Rock Acquisition Corp., a blank-check company backed by Noble Rock Advisors Inc., filed for an IPO of 20.0 million units at $10.00 apiece.

The offering comes with a 45-day overallotment option for the underwriters to acquire up to 3.0 million additional units to cover any overallotments.

Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

Noble Rock Acquisition, which aims to target businesses in the software and tech-enabled services sectors, said it applied to have its units listed on The Nasdaq Stock Market LLC under the NRACU ticker. Its class A ordinary shares and warrants will be listed under the symbols NRAC and NRACW, respectively.

Stifel Nicolaus & Co. Inc., Oppenheimer & Co. Inc. and William Blair & Co. LLC are joint bookrunning managers for the offering.


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