SportsMap (NASDAQ: SMAPU) has closed its initial public offering of 11,500,000 units, including the full exercise of the underwriters’ over-allotment option, at a price to the public of $10.00 per unit. According to the update, the units began trading on the Nasdaq Global Market under the symbol SMAPU on Oct. 19, 2021. Each unit consists of one share of common stock and three-quarters of one redeemable warrant, with each whole warrant entitling the holder to purchase one share of common stock at a price of $11.50 per share. The common stock and warrants are expected to be traded on the Nasdaq Global Market under the symbols SMAP and SMAPW, respectively, once the securities comprising the units begin separate trading. Roth Capital Partners acted as joint book-running manager for the offering.
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About SportsMap Tech Acquisition Corp.
SportsMap is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. SportsMap may pursue a business combination opportunity in any business or industry it chooses. For more information, visit www.SportsMapTech.com.
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