Corazon Capital CEO Files to Form SPAC

On Friday Feb. 12, Sam Yagan, the CEO of Corazon Capital, filed to form a SPAC called Corazon Capital V838 Monoceros Corp. The company is seeking to raise $230 million by selling 23 million units for $10 each. A unit includes one share and one-third of one redeemable warrant. The warrant allows the holder to buy another share for $11.50. The SPAC would trade on the Nasdaq under the symbol CRZNU. Shares and warrants will eventually trade separately under the symbols "CRZN" and "CRZNW," respectively.

In addition to raising $230 million, Yagan hopes to net out approximately $217.4 million for acquisitions after deducting fees and expenses. The SPAC's sponsors also plan to invest $7 million through a private investment in public equity (PIPE). The sponsors will use this investment to buy ...

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