NightDragon launches $300M SPAC with stakeholder structure

Venture capital firm NightDragon has raised $300 million for a blank-check company that will target the cybersecurity sector. NightDragon Acquisition has adopted a structure called "stakeholder-centered aligned listed equity," which ties the SPAC sponsor's compensation to the performance of the target company it will acquire. The blank-check company's chairman is David DeWalt, the former CEO of cybersecurity companies FireEye and McAfee.

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