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Mosaic Acquisition, a Fortress-backed SPAC, prices $300 million IPO at $10

October 19, 2017
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Mosaic Acquisition, a blank check company formed by Fortress and the Executive Chairman of Spectrum Brands, raised $300 million by offering 30 million units at $10. Mosaic Acquisition plans to list on the NYSE under the symbol MOSC.U. Deutsche Bank, RBC Capital Markets and J.P. Morgan acted as lead managers on the deal.