Renaissance Capital logo

Distressed debt SPAC Mudrick Capital Acquisition prices $200 million IPO at $10

February 8, 2018
Hycroft Mining Holding (Mudrick Capital Acquisition) logo

Mudrick Capital Acquisition raised $200 million by offering 20 million units at $10, as expected. The blank check company was formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business. Mudrick Capital Acquisition plans to trade on the Nasdaq on Thursday under the symbol MUDS.U. Cantor Fitzgerald acted as a lead manager on the deal.