Iconic Sports Acquisition, a blank check company targeting the global sports industry, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. 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 Gianluca Vialli and Co-CEO and CFO Fausto Zanetton, the co-founders of Tifosy Capital & Advisory, a leading boutique sports advisory firm. Vialli is also a former European professional footballer, having played at Sampdoria, Juventus, and Chelsea, and a former ambassador at Sky Sports Italia. Iconic Sports Acquisition plans to target the global sports industry or an adjacent sector including data and analytics, media, and technology. It plans to focus on "iconic" businesses, including sports franchises.
Iconic Sports Acquisition plans to list on the NYSE under the symbol ICNC.U. Credit Suisse and Morgan Stanley acted as joint bookrunners on the deal.
