Wire
NorthStrive Acquisition Closes $100 Million IPO
NorthStrive Acquisition I (NSAIU), a newly formed special purpose acquisition company, closed its initial public offering of 10 million units at $10 apiece, raising gross proceeds of $100 million, the company said Wednesday.The units trade on Nasdaq under "NSAIU," with the underlying shares, warrants and rights expected to trade separately under "NSAI," "NSAIW" and "NSAIR," respectively, the company said.The underwriter has a 45-day option to purchase up to 1.5 million additional units to cover over-allotments, the company added.
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