SPAC IPO Terms Tracker: July 19, 2024

SPAC-Terms-Tracker
new-spac

New SPAC: Vine Hill Capital Investment Corp. (VCICU) Files for $200M IPO

Vine Hill Capital Investment Corp. (NASDAQ:ESPAU) has filed for a $200 million IPO, which marks underwriter Stifel Nicolaus’ return to the SPAC market after a hiatus of over two years. Stifel last served as a book-runner for a SPAC when filing for Kensington Capital IV in January 2022 and hasn’t acted as left-lead since Spree
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New SPAC: Expectation Acquisition Corporation (ESPAU) Files for $60M IPO

Expectation Acquisition Corporation (NASDAQ:ESPAU) has filed to bring another Oppenheimer alum back to the market with a $60 million SPAC IPO. That officer is Expectation CFO Chi Zhuang, who started out as an equity research associate at the firm’s New York office in 2014. This overlapped with a period when Lewis Silberman, co-CEO of yesterday’s
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Anchor-deals

Anchor vs. Non-Anchor Deals…How Did the 2021 Cohort Do?

In the past few months we’ve seen a number of SPACs IPO using what we like to call “anchor investors”, a term we use as a bit of shorthand.  What that means is, the bankers round out the IPO with qualified institutional buyers, sometimes called “non-managing sponsor investors”, that indicate for up to 9.9% of
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Morning SPAC News Roundup: July 18, 2024

At the SPAC of Dawn Stardust Power (NASDAQ:SDST) is the latest de-SPAC to rocket up this week after closing its combination with Global Partner II, but there could be more to its spike than simply the low float it currently represents. The parties got through their July 8 closing with just 134,550 public shares remaining
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New SPAC: GSR III Acquisition Corp. (GSRTU) Files for $200M IPO

GSR III Acquisition Corp. (NASDAQ:GSRTU) has filed to be the latest repeat team to return to the SPAC market with a $200 million IPO with terms that differentiate it from the majority of the recent crop. Led by co-CEOs Gus Garcia and Lewis Silberman, the team has experience from both managing a bevy of SPACs
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Forward Projections: Do They Help or Hinder De-SPACs Post-Close?

The use of forward projections by target companies going through a SPAC transaction has been a controversial topic since the SPAC boom began in 2020. But, left to the side of this issue has been the question, “Do de-SPACs even benefit from using projections?” Certainly plenty of de-SPACs have taken hits in the public markets
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Morning SPAC News Roundup: July 16, 2024

At the SPAC of Dawn As the US elections draw nearer, more intersections of SPACs and politics are likely to continue to emerge. One day further into the Republican National Convention and Trump Media (NASDAQ:DJT) is now facing a slight -9% regression in the aftermarket, while conservative social media platform Rumble (NASDAQ:RUM) experienced its own
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new-spac

New SPAC: Bleichroeder Acquisition Corp I (BACQU) Files for $250M IPO

Bleichroeder Acquisition Corp I (NASDAQ:BACQU) has filed to be the second SPAC brought to market by Santander in 2024, aiming to raise $250 million without the help of anchor investors. Many of Bleichroeder I’s terms are familiar in the current market with its trust initially funded to 100.0% with $10.00 in its units to start
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Aquaron Acquisition Corp. (AQU) to Combine with HUTURE in $1Bn Deal

Aquaron (NASDAQ:AQU) has entered into a definitive agreement to combine with hydrogen technology firm HUTURE at an initial equity value of about $1 billion. Shanghai-based HUTURE has developed technology for hydrogen fuel cell-powered heavy trucks and the refilling stations that would supply them. The combined company is expected to trade on the Nasdaq once the
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SPAC-Terms-Tracker
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IPO-Pricing
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SPAC-morning-roundup
IPO-Pricing
new-spac

New SPAC: Dynamix Corporation Files for $150M IPO

Dynamix has filed for a $150 million IPO to hunt for targets in the energy space and becomes the first SPAC underwritten by Cohen & Company to file since late May. Like that last SPAC, Melar I (NASDAQ:MACIU), Dynamix is to be funded to 100.0% with $10.00 per unit and 1/2 warrants included initially. It
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