G3 VRM Acquisition, a blank check company formed by G2 Capital Advisors targeting tech and business services, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
The company is led by CEO and Chairman Matthew Konkle, who serves as Senior Managing Director and Head of Industry Teams for G2 Capital Advisors, a middle market investment bank and advisory firm. He is joined by CFO Don Van der Wiel, who serves as Managing Director of G2 Capital Advisors. The company plans to target businesses in the technology and business services industry, focusing on those with enterprise values between $250 million and $500 million.
G3 VRM Acquisition plans to list on the Nasdaq under the symbol GGGVU. Maxim Group LLC acted as sole bookrunner on the deal.
