UTA Launches $200 Million Spac for Video Game-Related Acquisitions

UTA Launches $200 Million Spac for Video Game-Related Acquisitions
Capitalizing on its strength in video gaming, UTA is in the process of raising $200 million through a Spac designed to pursue acquisitions of gaming-related companies.

On Wednesday, UTA confirmed that the UTA Acquisition Corp. has launched an offering of 20 million shares priced at $10. Shares will trade on Nasdaq as of Thursday under the ticker symbol Utaau and the offering is expected to be completed by Dec. 6.

UTA said the focus of the effort would be on gaming assets to leverage that strength of its in-house gaming team led by Ophir Lupu, UTA partner and head of video games. Lupu will
See full article at Variety - TV News »

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