Allegro Merger, a blank check company formed by Crescendo Partners' Eric Rosenfeld, filed for its IPO on Tuesday.
The New York, NY-based company plans to raise $130 million by offering 13 million units at a price of $10. At that price, Allegro Merger would command a market value of $166 million. Each unit consists of one share of common stock, one warrant exercisable at $11.50 and one right to receive one-twentieth of one share of common stock.
Allegro Merger was formed in 2017 and plans to list on the Nasdaq under the symbol ALGRU. Cantor Fitzgerald is the sole bookrunner on the deal. Timing on pricing was not disclosed.
