Money Makers Mentor

Reinvent Technology Partners IPO – The Buttonwood Tree

Reinvent Technology Partners IPO was recently announced. The company will trade on the NYSE with the ticker symbol RTP.U. Reinvent Technology Partners IPO seeks to raise $600 million for the newly formed SPAC. However, this figure is without over-allotment options. Thus, upon the exercise of over-allotment options, the new figure is $690 million. As a SPAC, Reinvent Technology Partners has two years to spend the money it raises from its IPO. If they do not, they must give it back to their investors.

Additional Information

The S-1 filing registers 69 million units. Each unit consists of one class A share and one-fourth of one redeemable warrant. However, the IPO initially offers 60 million units. But, 9 million of the units may be issued upon exercise of a 45-day option by the under…

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