SilverBox Corp IV announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBXD.U”, Friday, August 16, 2024.
The new SPAC intends to combine with a target in an industry where its team holds expertise such as e-commerce, financial services, telecom or food and agriculture, among others.
SilverBox IV’s sponsor team is to be led by Chairman and Chief Executive Officer Stephen M. Kadenacy alongside Founding Partner Joseph E. Reece, Chief Investment Officer Duncan Murdoch, Chief Operating Officer Jin Chun, Chief Financial Officer Daniel E. Esters, and General Counsel David Lee. Matthew R. Eilers and Jonathan Lewis are to join Kadenacy on the SPAC’s Board of Directors.
Total SPAC deal count for 2024 year-to-date is now 27. This offering is expected to close on Monday, August 19, 2024.
Santander US Capital Markets LLC is acting as sole book-running manager. Paul Hastings LLP is serving as Issuer’s Counsel with Sterling US LLP serving as Underwriter’s Counsel. Withum Smith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
GSR III Acquisition Corp. (NASDAQ:GSRT) has entered into a definitive agreement to combine with nuclear reactor developer Terra Innovatum at a pro forma equity value of $475 million. Terra Innovatum is developing small modular nuclear reactor designs that it envisions employing in urban power supply applications. The combined company is expected trade on the Nasdaq under...
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Terms Tracker for the Week Ending April 18, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Six new SPACs filed to IPO this week. That’s not a typo. Six. Plus, another 13 amended S-1/A were filed. The total number of SPACs...