Leader’s Advantage Acquisition completes $150.0M IPO; $151.125M placed in trust
Leader’s Advantage Acquisition Corp. (LEDRU) completed a $150M IPO, selling 15M units at $10 each. $151.125M was placed in trust, including underwriting discounts. The company issued 7.5M public warrants and sold 1.75M private warrants. Underwriters have a 45-day option to buy additional units. The auditor noted substantial doubt about the company's ability to continue as a going concern for one year.
