Author: Jane Edwards|| Date Published: April 12, 2024
Mission Space Acquisition, a blank check company based in Cape Canaveral, Florida, intends to raise $100 million through an initial public offering, MarketWatch reported Thursday.
The newly incorporated SPAC in the Cayman Islands intends to focus on acquiring companies involved in U.S. aerospace and defense programs.
Mission Space Acquisition will offer 10 million units and each unit will be offered at a price of $10 consisting of one share of Class A ordinary shares and one-half of one redeemable warrant, according to the S-1 filing.
B. Riley Securities will serve as the sole underwriter of the IPO and the units will be listed on the New York Stock Exchange under the symbol “MISNU.”
Kira Blackwell, former program executive at NASA’s Space Technology Mission Directorate, serves as CEO and a director at Mission Space Acquisition, according to the SEC document.
Andrew Allen, former chief executive of Aerodyne Industries and former NASA astronaut, is the blank check company’s chief financial officer and a director.
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