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ScION Tech Growth I Priced, Nasdaq: SCOAU

UK blank check company formed by ION Investment Group targeting technology (liquidated).

Industry: SPAC

First Day Return: +1.4%

Industry: SPAC

We are a blank check company. We have not selected any specific business combination target. We intend to focus our search on technology-enabled businesses that offer specific technology solutions, broader technology software and services in the financial services sector. We expect to favor potential target businesses with certain industry and business characteristics, including long term growth prospects, high barriers to entry, opportunities for consolidation, robust recurring revenues, sustainable operating margins and lucrative free cash flow dynamics. We intend to focus on businesses where we believe our background and experience can assist in executing an accelerated plan to create value for our stockholders in the public markets. Our sponsor is an affiliate of ION Investment Group Limited, (“ION”), a technology software investment company and an operator of global technology businesses, providing mission-critical workflow automation software, data and analytics to financial institutions, governments and corporations around the world. ION was founded in 1998 by Andrea Pignataro, our Executive Chairman, an entrepreneur and investor with over 20 years of experience building and investing in technology and financial services businesses throughout the world.
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ScION Tech Growth I (SCOAU) Performance