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Greenberg Guides Transpo-Focused VectoIQ In $200M IPO

Law360 (May 16, 2018, 3:20 PM EDT) -- VectoIQ Acquisition Corp., a blank-check company focused on acquiring a business in the automotive or smart mobility industry, saw shares begin trading Wednesday after raising $200 million through an initial public offering guided by Greenberg Traurig LLP.

Mamaroneck, New York-based VectoIQ priced 20 million units at $10 each late Tuesday, netting the company $200 million. Proceeds could rise to $230 million if underwriters buy an additional 10 million units.

Blank-check companies, also called special-purpose acquisition companies, or SPACs, are shell entities that raise money in IPOs...
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