Foundry Group files to launch $230M SPAC
BOULDER — The Foundry Group is seeking to raise $230 million for a special-purpose acquisition company, or SPAC, following two other high-profile moves in the region using the financial instrument.
According to filings with the U.S. Securities and Exchange Commission Friday afternoon, Crucible Acquisition Corp. is seeking to raise the funds to help take a business in the cloud-based software industry public. It will be managed under a limited partnership controlled by The Foundry Group.
“We believe that through our relationship with Foundry Group, we will have access to a substantial population of potential targets for…
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