Monocle Acquisition, a blank check company formed to acquire an aerospace & defense or industrial business, filed for its IPO on Monday.
The New York, NY-based company plans to raise $150 million by offering 15 million units at a price of $10. Each unit will consist of one share of common stock and one warrant to purchase one share of common stock at $11.50. At $10, Monocle Acquisition would command a market value of $193 million.
Monocle Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol MNCLU. Cowen and Chardan Capital Markets are the joint bookrunners on the deal.
