Holicity, a blank check company focused on acquiring a TMT business, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The Kirkland, WA-based company plans to raise $250 million by offering 25 million units at a price of $10. Each unit consists of one share and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Holicity would command a market value of $313 million.
The company is led by CEO and Chairman Craig McCaw, a telecommunications veteran and the founder of McCaw Cellular Communications (now AT&T Wireless), CIO Randy Russell, the former Americas Head of Media & Telecom investment banking at Deutsche Bank, and CFO Steve Ednie.
The Kirkland, WA-based company was founded in 2020 and plans to list on the Nasdaq under the symbol HOLUU. Holicity filed confidentially on June 9, 2020. Deutsche Bank and BofA Securities are the joint bookrunners on the deal.
