Warrior Technologies Acquisition Company has closed its upsized initial public offering of 27,600,000 units, which included the full exercise of the underwriters’ over-allotment option.
The offering was priced at $10.00 per unit, resulting in gross proceeds of $276,000,000. The units began trading on the New York Stock Exchange under the ticker symbol WARR.U on February 26, 2021.
Each unit consists of one share of the company’s Class A common stock and one-half of one warrant, with each whole warrant enabling the holder thereof to purchase one whole share of Class A common stock at a price of $11.50 per share.
Once the shares of Class A common stock and warrants begin separate trading, they are expected to be listed on the NYSE under the symbols WARR and WARR.WS respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Raymond James & Associates Inc and EarlyBirdCapital Inc served as joint book running managers for the offering.
For more information visit www.warriortechnologies.net