Manatt’s Thomas Poletti and Veronica Lah, partners on Manatt’s capital markets team, represented A.G.P./Alliance Global Partners and Brookline Capital Markets in connection with the $172.5 million initial public offering of Mount Rainier Acquisition Corp., a special purpose acquisition company (SPAC). The SPAC sold 17,250,000 units at an offering price of $10 per unit, with each unit consisting of one share of common stock and one redeemable warrant. The units trade on The Nasdaq Global Market under the symbol RNERU.
Mount Rainier Acquisition Corp. intends to focus on acquiring established, technology-focused businesses that would benefit from access to public markets and the operational and strategic expertise of its management team and board of directors.
A.G.P. acted as sole book-running manager for the offering, and Brookline Capital Markets acted as co-manager.
Previously, Manatt represented A.G.P. in a number of transactions, including its recent role as sole placement agent in an $18 million registered direct offering for VIQ Solutions Inc., underwriter and bookrunner in a $140 million public offering for HEXO Corp., lead placement agent in a $12.6 million overnight marketed offering for mCloud, and sole placement agent in a $9.5 million registered direct offering for FSD Pharma Inc.
For more information on this SPAC deal, click here.