Kensington Capital Acquisition Corp. IV announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “KCAC.U” Wednesday, March 2.
The new SPAC intends to focus its search in the global automotive and automotive-related sector with a specific focus on the automotive aftermarket, emerging technologies and original equipment manufacturer and original equipment suppliers. Kensington Capital IV is led by CEO and Chairman Justin Mirro, Vice Chairman and President Dieter Zetsche, COO Robert Remenar, CTO Simon Boag, and CFO Daniel Huber.
Total SPAC deal count for 2022 year-to-date is now 48. This offering is expected to close on Friday, March 5.
UBS Investment Bank and Stifel are acting as the joint book-running managers for the offering and Baird is the lead manager of the offering with Drexel Hamilton as the co-manager. Hughes Hubbard & Reed LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Tavia Acquisition Corp. (NASDAQ:TAVIU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TAVIU”, Wednesday, December 4, 2024. The Company is strategically focused on sectors pivotal to advancing sustainability and innovation, including energy transition and critical materials, circular economy initiatives, and innovative...
Target Global I (NASDAQ:TGAA) has entered into a definitive agreement to combine with robotics firm VenHub at an enterprise value of $715 million. Pasadena, California-based VenHub is developing autonomous smart stores that serve customers products through app-based orders and a robotic serving and sorting arm. The combined company is expected to trade on the Nasdaq...
At the SPAC of Dawn Travel and hospitality were hot sectors for SPACs as they boomed during the pandemic because there was a obvious upside story to tell about where each target might be once the world reopened. Since then, SPACs have largely shied away from the industry. Part of this has been the less...
Once again, the November 2024 corporate actions continues the trend of SPAC teams seeking additional extensions beyond their first one as they work to close their combinations with the remaining funds after redemptions. However, both announcements and completion vote-type corporate actions events were unusually light this month. Extension Votes In November, there were a whopping...
Future Vision II (NASDAQ:FVNNU) has entered into a definitive agreement to combine with adtech firm Viwo at an equity value of $100 million. Beijing-based Viwo provides AI-enabled targeting technology for marketers and brands in China. The combined company is expected to trade on the Nasdaq once the deal is completed by the end of the...