ION Acquisition Corp 3 Ltd. announced the pricing of its downsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “IACC”, starting on Friday, April 30.
The new SPAC aims to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation to everyday lives. ION 3 is led by Chairman Jonathan Kolber, and Co-CEOs Gilad Shany and Avrom Gilbert. Avrom Gilbert will also be President.
Total SPAC deal count for 2021 year-to-date is now 311. This offering is expected to close on Tuesday, May 4.
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are serving as joint book-running managers for the offering. AmeriVet Securities is acting as co-manager for the offering. White & Case LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
FG Merger III Corp. has filed for a $150 million IPO to continue with the FG serial SPAC family with a larger vehicle focused on the financial services industry. The new SPAC is one of 16 SPACs that were filed in May and one of the four that overfunded its trust. FG Merger III is...
In our May 2025 corporate actions analysis, the SPAC market highlighted dependence on deadline extensions, with all votes involving sponsors seeking their third extension or beyond. While the total number of extension-related actions declined slightly from April, activity remained elevated compared to earlier months, reflecting the continued overhang from the 2021 SPAC wave. Extension Votes...
At the SPAC of Dawn The first week of June begins with just a pair of SPAC votes on the calendar, both of which are extensions, but this is a month that tends to host a fair amount of SPAC activity each year. Friday’s after-hours filing period may have provided a hint of this with...
Terms Tracker for the Week Ending May 30, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. May went out with a bang. Four more IPOs priced this week, bringing the monthly tally to 22 and the YTD total to 53. That...
June is set to be one of the quietest months in some time in terms of sponsors and de-SPAC’d companies coming free from their lock-ups, owing to the quieter periods for transactions closing that occurred six and 12 months ago. Up first will be company shareholders for East Asian media conglomerate TNL Mediagene (NASDAQ:TNMG) on...