Revolution Acceleration Acquisition Corp has filed paperwork with the SEC announcing its IPO. In its S-1 form Revolution Acceleration Acquisition Corp registered 28.75 million units for sale to the public at a total price of $287.5 million. This includes the underwriters' option to purchase up to 3.75 million units to cover any over-allotments. Moreover, each unit consists of 1 class A common stock as well as 1/3 of a warrant.
The initial public price of the units are $10 each. Further, each warrant has an exercise price of $11.50. Units will trade on the NASDAQ under the symbol RAACU. When securities begin trading separately, the class A common stock will trade under the symbol RAAC, and warrants will trade under the symbol RAACW. Credit Suisse Securities (USA) LLC is serving as the ...
