ChaSerg Technology Acquisition, a blank check company formed by tech veterans to acquire a technology company, raised $200 million by offering 20 million units at $10. Each unit consists of one share of Class A common stock and one half of one warrant to purchase one share of Class A common stock.
CEO Lloyd Carney previously served as CEO of Brocade Communications Systems from 2013 to 2017, when it was acquired by Broadcom for $5.5 billion.
ChaSerg Technology Acquisition plans to list on the Nasdaq under the symbol CTAC.U. Cantor Fitzgerald acted as a lead manager on the deal.
