ATAC - Altimar Acquisition Corp. III starts trading even as sister SPAC's Owl Rock deal struggles
Altimar Acquisition Corp. III (ATAQU) plans to begin trading Thursday after raising $135M through an IPO even as sister SPAC Altimar Acquisition Corp. I (ATAC) faces opposition to its deal for Owl Rock Capital Partners and Dyal Capital Partners.ATAQU sold 13.5M investment units at $10 apiece. Each unit consists of one Class A share and 0.25 warrants to buy a second share in future at $11.50.The new special purpose acquisition company’s units will trade on the New York Stock Exchange under the ticker “ATAQU.” The SPAC’s shares and warrants will later list separately as “ATAQ” and “ATAQW.”The new listing comes less than three months after Altimar Acquisition Corp. I announced a three-way merger with Owl Rock Capital Group and Neuberger Berman’s Dyal Capital Partners.The three companies plan to combine to create Blue Owl Capital (OWL), a publicly traded an alternative asset management firm with more than $45B of assets under
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Altimar Acquisition Corp. III starts trading even as sister SPAC’s Owl Rock deal struggles