Clarim Acquisition Prices SPAC To Capitalize On Hot E-Commerce Sector

Clarim Acquisition Corp. (NASDAQ: CLRMU) has priced 25 million units at $10 per unit, raising $250 million in an initial public offering (IPO) yesterday.
It becomes the latest SPAC (special purpose acquisition company) to focus on the e-commerce sector, which gained significant traction amidst the pandemic.
CEO James F. McCann will head the company.
The units are expected to begin trading on the Nasdaq today, under the symbol "CLRMU." Every unit comprises one share and one-third of one redeemable warrant.
Jefferies LLC and BTIG, LLC are the book-running managers for the IPO.
The underwriters have a 45-day option to procure up to an additional 3.75 million units at the IPO price to cover potential over-allotment.
Last week, EVgo was the newest charging infrastructure company to announce a SPAC deal following the rapid adoption of electric vehicles and infrastructure.