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Minority Equality Opportunities Acqusition Inc. Make History As First Minority-Led SPAC Traded On NASDAQ, Closes $126.5M IPO

This is history in the making! Minority Equality Opportunities Acquisition Inc.(MEOA) is now the first minority-led special purpose acquisition company (SPAC) traded on the Nasdaq Capital Market (NASDAQ). The company is currently trading under the “MEOAU” ticker symbol. As of Aug. 30, MEOA closed a $126.5 million upsized IPO of units including one share of Class A common stock and one redeemable warrant. The warrant allows the holder to purchase one share of Class A common stock at $11.50 per share. “In the last five years, we’ve seen exponential growth among minority women business owners. Black and Hispanic women business owners, alone, account for more than 50% of the growth,” Robin D. Watkins, CFO, MEOA exclusively shared with AfroTech. “What we have not witnessed, however, is an increase in the investment capital needed for minority businesses to scale. The IPO process gives MEOA the financial leverage to identify minority companies with stellar products and services and...

Sep 7, 2021