FirstMark Horizon Acquisition, a blank check company formed by FirstMark Capital targeting a US-based tech business, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, FirstMark Horizon Acquisition would command a market value of $375 million.
The company is led by CEO Richard Heitzmann and Chairman and President Amish Jani, who co-founded venture firm FirstMark Capital in 2008. The company plans on targeting a US-based tech business.
FirstMark Horizon Acquisition was founded in 2020 and plans to list on the NYSE under the symbol FMAC.U. Credit Suisse is the sole bookrunner on the deal.
