Wednesday, January 27, 2021

Science Launches Its Own SPAC

Santa Monica-based Science, the startup studio led by Mike Jones and Peter Pham, has launched its own Special Purpose Acquisition Company (SPAC), called Science Strategic Acquisition Corp. Alpha (SSAA). According to Science Strategic Acquisition Corp. Alpha this week, it priced a $270,000,000 initial public offering (IPO), which will trade on the Nasdaq Capital Market under the symbols SSAA and warrants as SSAAW. The new company is a blank check company, which says it was "formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses" and which "intends to focus on businesses operating in the direct-to-consumer brands, direct-to-consumer services and mobile and social entertainment sectors."

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