UTA Acquisition, a blank check company formed by United Talent Agency targeting the gaming industry, raised $200 million by offering 20 million units. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by Chairman Reginald Fils-Aimé, the former COO of Nintendo of America and current board member of Spin Master and Brunswick; Co-CEO and Director Clinton Foy, General Partner of Venture Capital at talent, entertainment, and athlete representation company United Talent Agency (UTA); Co-CEO Jamie Sharp, a former Business Development Manager at Google; and President Ophir Lupu, Partner and Head of Video Games at UTA.
The company plans to leverage management's experience and UTA's network to target the gaming industry, as well as related areas within the broader digital media, creator economy, entertainment, and technology landscape.
The New York, NY-based company plans to list on the Nasdaq under the symbol UTAAU. Credit Suisse acted as sole bookrunner on the deal.
