Capitol Investment Corp. IV, a blank check company formed and led by Mark Ein, raised $350 million by offering 35 million units at $10, as expected. Each unit consists of one ordinary share and one-third of one redeemable warrant exercisable at $11.50. Capitol Investment Corp. IV plans to list on the NYSE under the symbol CIC.U. Citi, Deutsche Bank and J.P. Morgan acted as lead managers on the deal.
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).
