Rodgers Silicon Valley Acquisition Corp. (RSVAU) Prices $200M IPO

Rodgers Silicon Valley Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “RSVAU” tomorrow, Wednesday, December 2.

The new company aims to combine a target in the green energy, internet-of-things, artificial intelligence, or cutting-edge manufacturing sectors. Rodgers is led by CEO and Chairman Thurman Rodgers alongside CFO and Director Emmanuel T. Hernandez.

Total SPAC deal count for 2020 year-to-date is now 203 with $70.1 billion in gross proceeds raised. This offering is expected to close on Friday, December 4.

Oppenheimer & Co. Inc. is acting as sole book-running manager for this offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.