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Pensare Acquisition, a telecom-focused SPAC, files for a $250 million IPO

July 6, 2017
American Virtual Cloud Technologies (Pensare Acquisition) logo

Pensare Acquisition, a blank check company formed by a MasTec executive to acquire a wireless telecom business, filed on Thursday with the SEC to raise up to $250 million in an initial public offering.

The Atlanta, GA-based company was formed in 2016 and plans to list on the Nasdaq under the symbol WRLSU. EarlyBirdCapital is the sole bookrunner on the deal.