Cannabis-Focused SPAC Choice Consolidation Goes Public On NEO, Raises $150M

Cannabis-oriented SPAC Choice Consolidation Corp. (NEO: CDXX.UN.U) raised $150 million in its initial public offering.

Choice confirmed it has closed its IPO of 15 million class A restricted voting units at a price of $10 per unit, for total proceeds of $150 million.

The Chicago-based corporation provided the underwriters with a 30-day option to buy up to an extra 2.25 million class A restricted voting units, with a price of $10 per unit, for proceeds of up to $22.5 million.

The collected proceeds from …

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