Lerer Hippeau Acquisition Corp. Announces IPO

According to paperwork filed with the SEC, Lerer Hippeau Acquisition Corp. plans to go public. Moreover, this deal registers 23 million units at a proposed maximum offering price of $10 each. This figure includes 3 million units issuable to the underwriters to cover over-allotments, if any. Furthermore, each unit consists of 1 Class A ordinary share of common stock and 1/2 of a warrant. Each warrant entitles its holder to purchase 1 share of Class A common stock at a price of $11.50 each. Units will trade on the NASDAQ under the ticker symbol LHAAU.

Additionally, Barclays Capital Inc., and Code Advisors LLC are serving as underwriters for this deal. The underwriters' discounts and commissions are at $0.55 per unit. This puts the total discount somewhere between $11 and $12.65 million ...

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