Renaissance Capital logo

Technology SPAC Artius Acquisition prices upsized $630 million IPO at $10

July 13, 2020
Origin Materials (Artius Acquisition) logo

Artius Acquisition, a blank check company formed by Artius Capital and the former CEO of Worldpay targeting the tech sector, raised $630 million by offering 63 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

The company originally planned to raise $525 million by offering 52.5 million units before upsizing by 20%. 

Artius Acquisition plans to list on the Nasdaq under the symbol AACQU. Credit Suisse and Goldman Sachs acted as lead managers on the deal.