other material
confidence high
sentiment neutral
materiality 0.65
LaFayette Acquisition Corp. closes $115M IPO and $3.8M private placement, $115M placed in trust
LaFayette Acquisition Corp.
- Closed IPO of 11.5M units at $10/unit, including full over-allotment, generating $115M gross proceeds.
- Sold 380,000 private placement units at $10/unit to sponsor and EarlyBirdCapital, raising $3.8M.
- $115M total net proceeds placed in trust account; audited balance sheet shows $116.1M total assets.
- Company has 21 months from closing to complete a business combination; no target identified yet.