Global Technology Acquisition Corp. I (the “Company”) announced today the closing of its initial public offering of 20,000,000 units (upsized from 15,000,000 units), which includes 2,500,000 units issued upon the exercise of the underwriter’s over-allotment option, at a public offering price of $10.00 per unit. The total gross proceeds of the initial public offering amounts to $200,000,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The units are listed on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “GTACU”. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on the Nasdaq under the symbols “GTAC” and “GTACW” respectively.
Global Technology Acquisition Corp. I Announces Closing of Upsized Initial Public Offering and Exercise of Over-Allotment Option Generating Total Gross Proceeds of $200m
Oct 25, 2021
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