ChaSerg Technology Acquisition, a blank check company formed by tech veterans to acquire a technology company, filed on Wednesday with the SEC for an initial public offering.
The La Jolla, CA-based company plans to raise $200 million by offering 20 million units at a price of $10. At that price, ChaSerg Acquisition would command a market value of $256 million. Each unit consists of one share of Class A common stock and one half of one redeemable warrant; whole warrants are exercisable at $11.50.
ChaSerg Technology Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol CTAC.U. Cantor Fitzgerald is the sole bookrunner on the deal. No pricing date was disclosed.
