Real estate tech SPAC RXR Acquisition files for a $250 million IPO
Nasdaq
RXR Acquisition, a blank check company formed by RXR Realty targeting real estate technology, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The Uniondale, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. At the proposed deal size, RXR Acquisition would command a market value of $313 million.