Friday, December 3, 2021

Games & Esports Experience Acquisition Corp. Raises $175M In IPO

Los Angeles-based Games & Esports Experience Acquisition Corp., a newly formed special purpose acquisition company (SPAC), says it is raising $175M in an intial public offering (IPO). The company is offering up 17,500,000 units of its stock at $10.00 per unit. The company began trading on Thursday on the Nasdaq Global Market under the ticker symbol GEEXU. The SPAC said it is targeting businesses in interactive media, operating directly within or adjacent to competitive gaming and esports sectors or in industries with similar user characteristics or demographics including, but not limited to, ecommerce, media, content and other intellectual property, sports & entertainment, and social media.