Posts
July 31 2020
Cerevel to raise $445M, hit Wall Street via blank check company
Unlike a traditional biotech built around a lab discovery, Cerevel Therapeutics got a “unique” start: with $350 million from Bain Capital and a clutch of central nervous system programs from Pfizer. Now, it’s continuing its unorthodox streak as it taps the public markets.
www.fiercebiotech.com
July 30 2020
Technology SPAC one files for a $200 million IPO
one, a blank check company led by the co-founder of Eventbrite and other industry veterans targeting the tech sector, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
www.renaissancecapital.com
July 30 2020
E.Merge Technology Acquisition Corp. Announces Pricing of $522,000,000 Initial Public Offering
E.Merge Technology Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 52,200,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Friday, July 31, 2020, under the ticker symbol “ETACU”.
www.globenewswire.com
July 30 2020
Cohen & Company’s second SPAC INSU Acquisition II files for a $175 million IPO
INSU Acquisition II, the second blank check company formed by Cohen & Company and targeting the insurance industry, filed on Thursday with the SEC to raise up to $175 million in an initial public offering.
www.renaissancecapital.com
July 30 2020
Industrial technology SPAC NewHold Investment prices $150 million IPO at $10
NewHold Investment, a blank check company formed by NewHold Enterprises targeting an industrial technology business, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
www.nasdaq.com
July 30 2020
Cryptocurrency Platform Diginex Aims Nasdaq Listing Through SPAC Merger By September
Blockchain solutions provider Diginex is planning to go public in the United States through a merger with a special purpose acquisition company, or SPAC, within the current quarter ending in September.
www.finance.yahoo.com
July 29 2020
Marshall Kiev and David Boris’ third SPAC Forum Merger III files for a $250 million IPO
Forum Merger III, the third blank check company formed by SPAC veterans David Boris and Marshall Kiev, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
www.nasdaq.com
July 29 2020
Sports and SPACs: Sports team owner-led SPACs are a growing trend
Recent IPO filer RedBall Acquisition (RBAC.U) is looking to bring sports into SPACs. The blank check company plans to raise $500 million to acquire a professional sports franchise, specifically citing European football clubs.
www.nasdaq.com