Mubadala Capital’s Blue Whale Acquisition Corp I Announces Pricing of $200 Million IPO

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UAE

Mubadala Capital’s Blue Whale Acquisition Corp I Announces Pricing of $200 Million IPO

Mubadala formed the company to carry out activities including merger, asset acquisition, stock purchase, and reorganization with companies in media, entertainment, and technology. (Asharq Al-Awsat) Blue Whale Acquisition Corp I, a special purpose acquisition company formed by an affiliate of Mubadala Capital, announced on Wednesday the price of its initial public offering of 20 million units at $10 per unit. The units will be listed on the Nasdaq Capital Market (Nasdaq) in the US. A statement read that the company is sponsored by Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala), the Abu Dhabi headquartered sovereign investor with 894 billion dirhams ($243 billion) of assets under management. The company was formed to carry out diverse activities including merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, entertainment, and technology industries. Each unit offered for sale consists of one Class A ordinary share, and one-fourth of one warrant to purchase one Class A ordinary share, for $10 per unit. MIC Capital Partners (Public) Parallel Cayman, LP, the direct parent of the sponsor, has agreed to enter into a forward purchase agreement that will provide for the purchase,…