Software Acquisition Group Inc. Announces Pricing of $130,000,000 Initial Public Offering
Summary
Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “SAQN” and “SAQN W,” respectively. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on software companies, especially those targeting enterprise vertical sectors owned by private equity and venture capital firms as well as corporate carve-outs. The Company is led by Chairman and Chief Executive Officer, Jonathan Huberman, and Vice President of Acquisitions, Mike Nikzad. In addition to Messers Huberman and Nikzad, the Board of Directors includes Andrew Nikou, Stephanie Davis, Peter Diamandis, Steven Guggenheimer and Matt Olton. The Company has granted B. Riley FBR, Inc. a 45-day option to purchase up to an additional 1,950,000 units at the initial public offering price to cover over-allotments, if any.