Quartet Merger Corp, a blank check company formed to acquire operating businesses, announced terms for its IPO on Thursday. The New York, NY-based company plans to raise $84 million by offering 8.4 million units at $10 per unit. At the midpoint of the proposed range, Quartet Merger Corp would command a market value of $110 million.
Quartet Merger Corp, which was founded in 2013, plans to list on the NASDAQ under the symbol QTETU. Quartet Merger Corp initially filed confidentially on August 2, 2013. EarlyBird Capital, Inc. is the sole bookrunner on the deal.
