Williams Rowland Acquisition, a blank check company targeting growth businesses in the financial services, fintech, and tech sectors, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by Co-CEO and Director David "Tiger" Williams, the founder and Managing Member of Williams Trading, and Co-CEO and Director Jonathan Rowland, the founder and Executive Chairman of Mode Global Holdings (LSE: MODE). The company plans to target high-quality, growth businesses in the financial services, fintech, and technology sectors, focusing on those with a strong technology offering, in a disruptive vertical, at the stage of scaling up and generating revenue.
Williams Rowland Acquisition plans to list on the NYSE under the symbol WRACU. Oppenheimer & Co. acted as sole bookrunner on the deal.
