COHN - SPAC FTAC Hera Acquisition Corp. starts trading even as sister firm Cohen & Co. tanks

The latest special purpose acquisition company from serial SPAC financiers Betsy and Daniel Cohen, who’ve cut deals to buy Paya and other hot fintechs, is set to begin trading Thursday after raising $800M in an upsized IPO.FTAC Hera Acquisition Corp. (HERAU) is premiering on the same day that sister firm Cohen & Co. (COHN) is giving back some 30% following a 100%+ run-up on Wednesday.HERAU will trade on the Nasdaq. The SPAC’s shares and warrants will also later list separately as “HERA” and “HERAW,” respectively.The new SPAC sold 80M investing units at $10 apiece. That’s up from the 75M that the HERAU’s sponsor originally offered.Each unit consists of one Class A share and 0.25 warrants entitling investors to buy a second share in future at $11.50.The SPAC also granted underwriters the option to purchase an additional 12M units for overallotments, possibly raising another $120M. FTAC Hera Acquisition Corp. had originally

For further details see:

SPAC FTAC Hera Acquisition Corp. starts trading even as sister firm Cohen & Co. tanks