10X Capital Enterprise Acquisition Corp (Nasdaq: VCVCU) has closed its preliminary public providing of 17,500,000 models at $10 per unit producing gross proceeds of $175,000,000.
The models are buying and selling beneath the ticker on Nasdaq as of November 24, 2020. Every unit consists of 1 share of Class A standard stock and one-half of 1 redeemable warrant, with every entire warrant exercisable to buy one share of Class A standard stock at a price of $11.50 per share. Solely entire warrants might be exercisable. As soon as the securities comprising the models start separate buying and selling, the shares of Class A standard stock and warrants are anticipated to be listed on Nasdaq beneath the symbols “VCVC” and “VCVCW,” respectively.
10X Capital Enterprise Acquisition Corp is a SPAC searching for a excessive progress goal within the tech sector that may embody monetary providers.
As was beforehand reported, 10X Capital is a New York Metropolis-based agency based by entrepreneur Hans Thomas, a very long time Fintech investor.
Thomas and co-head of Enterprise Investing at 10X David Weisburd have been traders in a number of of excessive progress VC-backed Fintech corporations like Robinhood Markets, Circle Web Monetary, and Ripple.