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Rodgers Silicon Valley prices 20M unit IPO at $10 per unit » 15:0212/0212/02/20
Rodgers Silicon Valley…
Rodgers Silicon Valley Acquisition Corp., a newly organized blank check company formed as a Delaware corporation, announced the pricing of its initial public offering of 20M units at an offering price of $10.00 per unit, with each unit consisting of one share of common stock and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of common stock at $11.50 per share. The units are expected to trade on The Nasdaq Capital Market under the ticker symbol "RSVAU" beginning December 2. Rodgers Silicon Valley Acquisition Corp. expects the initial public offering to close on December 4, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the common stock and the warrants are expected to be traded on Nasdaq under the symbols "RSVA" and "RSVAW," respectively. Oppenheimer & Co. is the sole book-running manager for the IPO.