Capitol Investment Corp. IV, a blank check company formed and led by Mark Ein, announced terms for its IPO on Monday.
The Washington, DC-based company plans to raise $350 million by offering 35 million units at a price of $10. At that price, Capitol Investment Corp. IV would command a market value of $438 million.
Capitol Investment Corp. IV is Ein's fourth blank check company. His prior SPACs acquired Two Harbors Investment Corp. (NYSE: TWO), Lindblad Expeditions (Nasdaq: LIND) and Cision (NYSE: CISN).
Capitol Investment Corp. IV was formed in 2017 and plans to list on the NYSE under the symbol CIC.U. Citi is the sole bookrunner on the deal. IPO timing was not disclosed.
