Industrea Acquisition, a blank check company formed by Howard Morgan of Argand Partners to acquire a business in the industrial sector, filed on Thursday with the SEC to raise up to $200 million.
The New York, NY-based company plans to offer 20 million units at a price of $10 per unit. At that price, Industrea Acquisition would command a market value of $250 million.
Industrea Acquisition was formed in 2017. It plans to list on the Nasdaq under the symbol INDUU. FBR Capital Markets and B. Riley & Co. are the joint bookrunners on the deal.
