United Acquisition Corp. I (UAC.U) Prices $100M IPO
United Acquisition Corp. I (NYSE:UAC.U) announced the pricing of its $100 million IPO and its units are expected to begin trading on the NYSE under the symbol “UAC.U”, Thursday, January 29, 2025.
The new SPAC plans to mount a broad search for a combination target without any particular preference in geography or industry.
United Acquisition Corp. I is to be led by Chairman, Chief Executive Officer and Chief Financial Officer Paul Packer. John Horne, Timothy Hasara, Thomas Hicks Jr., and Johnny DeStafano are expected to serve on the SPAC’s Board.
Total SPAC deal count for 2025 year-to-date is now 19. This offering is expected to close on Friday, January 30, 2025.
Lucid Capital Markets, LLC and Chardan are acting as joint book-running managers. Sullivan & Cromwell LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
