Software Acquisition Group, a blank check company led by former Ooyala officers targeting a software company, raised $130 million by offering 13 million units at $10 to command a market value of $161 million. Each unit consists of one share of common stock and one-half of one redeemable warrant exercisable at $11.50. The company originally planned to raise $125 million by offering 12.5 million units.
Software Acquisition Group plans to list on the Nasdaq under the symbol SAQNU. B. Riley FBR acted as a lead manager on the deal.
