Epiphany Technology Acquisition, a blank check company targeting the technology industry, raised $350 million by offering 35 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 is led by Chairman Arthur Coviello, a Venture Partner at Rally Ventures and former EVP and Head of the Security Division at EMC; CEO, CFO, and Director Peter Bell, General Partner of Amity Ventures and former Managing General Partner of Highland Capital Partners; and Vice Chairman Paul Deninger, a Senior Managing Director at Davis Partners Group and a former Senior Managing Director at Evercore.
Epiphany Technology Acquisition plans to leverage its management team's experience and target businesses in the technology industry with proven business models, strong long-term growth prospects, and strong management, among other criteria.
Epiphany Technology Acquisition plans to list on the Nasdaq under the symbol EPHYU. Cantor Fitzgerald acted as a lead manager on the deal.
