Marquee Raine Acquisition Corp. Announces Pricing of $325M IPO
Marquee Raine Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 32,500,000 units at a price of $10.00 per unit. The Company has granted the underwriters of the offering a 45-day option to purchase up to an additional 4,875,000 units at the public offering price. The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol “MRAC U” beginning December 15, 2020. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Capital Market under the symbols “MRAC” and “MRAC WS,” respectively.
The Sponsor of the Company is Marquee Raine Acquisition Sponsor LP, an affiliate of The Raine Group LLC and Marquee Sports Holdings SPAC I, LLC.
Credit Suisse Securities (USA) LLC is acting as the book-running manager for the offering.