MTech Acquisition, a blank check company formed to acquire a cannabis services business, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
The Orlando, FL-based company plans to raise $50 million by offering 5.0 million units at a price of $10. At that price, MTech Acquisition would command a market value of $65 million.
MTech Acquisition was founded in 2017 and plans to list on the Nasdaq under the symbol MTECU. EarlyBirdCapital is the sole bookrunner on the deal. Is has not disclosed an expected pricing date.
