Big Rock Partners Acquisition, a blank check company formed by Big Rock Partners to acquire a business in the senior housing and care industry, filed on Friday with the SEC for an initial public offering.
The Delray Beach, FL-based company plans to raise $50 million by offering 5 million units at a price of $10. At that price, Big Rock Partners Acquisition would command a market value of $66 million. Each unit consists of one share of common stock and one warrant exercisable at $11.50.
Big Rock Partners Acquisition was formed in 2017 and plans to list on the Nasdaq under the symbol BRPAU. EarlyBirdCapital is the sole bookrunner on the deal. IPO timing was not disclosed.
