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Insurance SPAC Tiberius Acquisition prices $150 million IPO at $10

March 15, 2018
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Tiberius Acquisition, a blank check company formed to acquire a middle-market insurance business, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.

Tiberius Acquisition plans to list on the Nasdaq under the symbol TIBRU. Cantor Fitzgerald and Dowling & Partners acted as lead managers on the deal.