Boxwood Merger, a black check company formed by Macquarie to acquire a technical services firm, filed for its IPO on Friday.
The Santa Monica, CA-based company plans to raise $250 million by offering 25 million units at a price of $10. Each unit will consist of one share of common stock and one half of one warrant to purchase one share of common stock at $11.50. At $10, Boxwood Merger would command a market value of $315 million.
Boxwood Merger was founded in 2017 and plans to list on the Nasdaq under the symbol BWMCU. BofA Merrill Lynch, Morgan Stanley and Macquarie Capital are the joint bookrunners on the deal.
