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MultiSensor AI Holdings (Sportsmap Tech Acquisition) Priced, Nasdaq: MSAI

Blank check company formed by the founder of Gow Media targeting sports tech (completed 12/19/2023).

Industry: SPAC

Latest Trade: $1.95 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: -80.5%

Industry: SPAC

We are a Delaware blank check company. New technologies are transforming the sports industry. Key trends include the use of wearables, data analytics, new methods of fan engagement and new esports and gambling platforms. These developments are creating attractive, high-growth opportunities. According to Grand View Research, the global sports technology, or sports tech, market in the U.S. is forecast to grow from $12 billion in 2021 to over $36 billion in 2028, a compound annual growth rate of 16.8%. Our plan is to tap into the backgrounds, experiences and relationships of our board and management team to capture the opportunity in sports tech. We will focus our efforts in four categories of sports tech: Fan Engagement, Health and Wellness, Esports, and Fantasy Sports and Gambling. We will seek to capitalize on the industry experiences, network of relationships, domain expertise and deal-making abilities of our management team. The experiences of our management team members include running major league teams, a multi-platform media company, a successful sports tech business and a large innovation hub that includes sports tech ventures. The group also possesses public company, M&A and financial management experience, and a strong track record of private equity investments, including in sports tech.
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IPO Data
IPO File Date 09/30/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/18/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Roth Capital
Craig-Hallum Capital Group
Company Data
Headquarters Houston, TX, United States
Founded 2021
Employees at IPO 2

MultiSensor AI Holdings (Sportsmap Tech Acquisition) (MSAI) Performance