Pivotal Acquisition, a blank check company led by Jonathan Ledecky targeting the entertainment, logistics, and business tech industries, raised $200 million by offering 20 million units at $10, as expected.
Each unit consists of one share of common stock and one redeemable warrant exercisable at $11.50 per share.
Pivotal Acquisition plans to list on the NYSE under the symbol PVT.U. Cantor Fitzgerald acted as a lead manager on the deal.
