VectoIQ Acquisition, a blank check company led by former GM execs and focused on the transportation sector, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
The Mamaroneck, NY-based company plans to raise $200 million by offering 20 million units at a price of $10. At that price, VectoIQ Acquisition would command a market value of $256 million.
VectoIQ Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol VTIQU. Cowen & Company and Chardan Capital Markets are the joint bookrunners on the deal.
