Nebula Acquisition Corporation, a blank check company formed by executives at True Wind Capital, announced terms for its IPO on Monday.
The San Francisco, CA-based company plans to raise $250 million by offering 25 million units at a price of $10. At that price, Nebula Acquisition would command a market value of $313 million. Each unit consists of one share of common stock and one-third of one warrant exercisable at $11.50.
Nebula Acquisition was founded in 2017 and plans to list on the Nasdaq under the symbol NEBU.U. Deutsche Bank and Goldman Sachs are the joint bookrunners on the deal. IPO timing was not disclosed.
