Genesis Park Acquisition Corp. announced the pricing of its $150 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “GNPK.U” tomorrow, Tuesday, November 24.
The new company aims to combine with a target in the aerospace or aviation services industries valued at $500 million to $1 billion. Genesis Park is led by Chairman David N. Siegel alongside CEO and Director Paul W. Hobby, President, CFO and Director Jonathan E. Baliff, and Executive VP David Bilger.
Total SPAC deal count for 2020 year-to-date is now 196 with $68.3 billion in gross proceeds raised. This offering is expected to close on Friday, November 27.
Jefferies, LLC is acting as the sole book-running manager for the offering. Willkie Farr & Gallagher LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...