Snow Rothschild Acquisition Closes $200 Million IPO

MT Newswires Live

06/11

Snow Rothschild Acquisition (ISNRU) closed its initial public offering of 20 million units at $10 each.

Each unit consists of one Class A share and one-half of a redeemable warrant, with each whole warrant exercisable to buy one Class A share at $11.50, the company said Wednesday in a statement.

The units began trading on Nasdaq on Tuesday under the ticker ISNRU. Once the securities begin separate trading, the Class A shares and warrants are expected to trade under the symbols ISNR and ISNRW.

The underwriter has a 45-day option to buy up to an additional 3 million units to cover overallotments.

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