GX Acquisition, a blank check company led by the managing partners of Trimaran Capital Partners, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The New York, NY-based company plans to raise $250 million by offering 25 million units at a price range of $10. At that price, GX Acquisition would command a fully diluted market value of $313 million. Each unit consists of one share of our Class A common stock and one-half of one warrant redeemable at $11.50 per share.
GX Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol GXGXU. Cantor Fitzgerald is the sole bookrunner on the deal.
