Sculptor Acquisition I, a blank check company formed by Sculptor Capital Management, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $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. At the proposed deal size, Sculptor Acquisition I would command a market value of $250 million.
The company is led by CEO and Director Steven Orbuch, the founder and President of Sculptor Real Estate at Sculptor Capital, and Chairman James Levin, the CEO and CIO of of Sculptor Capital. The company plans to leverage management's experience and the broader Sculptor platform's network of relationships in various sectors within the real estate and real estate-related industries, including technology-augmented operating businesses, management companies, real estate services, and mixed-use developments, among other areas.
Sculptor Acquisition I was founded in 2021 and plans to list on the NYSE under the symbol SCUA.U. The company filed confidentially on April 5, 2021. Goldman Sachs is the sole bookrunner on the deal.
