Ascendant Digital Acquisition Corp. III sets IPO even as investors pan sister SPAC’s M&A deal
Popular U.K. videogame company Jagex’s ex-CEO is launching a $250M IPO for his third SPAC just weeks after his first special purpose acquisition company cut a poorly received deal to take Beacon Street Group public at a $3B valuation.
Mark Gerhard, ex-CEO of Jagex and rival videogame firm PlayFusion, has unveiled an initial public offering for Ascendant Digital Acquisition Corp. III, his third SPAC.
The move comes less than two months after sister SPAC Ascendant Digital Acquisition Corp. I (NYSE:ACNDU) (NYSE:ACND) announced plans to acquire a stake in financial-information company Beacon Street Group for some $150M in cash.