ION Acquisition Corp 1 Prices Upsized $225M IPO

10/2/20

NEW YORK--(BUSINESS WIRE)--ION Acquisition Corp 1 Ltd. announced today the pricing of its initial public offering of 22,500,000 units upsized from 20,000,000 units at a price of $10.00 per unit. The units will be listed on The New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “IACA.U” beginning on October 2, 2020. Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “IACA” and “IACA WS,” respectively. The offering is expected to close on October 6, 2020.