Mercury Ecommerce Acquisition Corp. announced the pricing of its $175 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “MEACU” Wednesday, July 28.
The new SPAC aims to combine with a high growth target with bolt-on acquisition opportunities and a substantial recurring revenue base. Mercury Ecommerce is led by Chairman M. Blair Garrou, President and CEO R. Andrew White, CFO and Secretary Winston Gilpin, and VP and CSO Christy Cardenas.
Total SPAC deal count for 2021 year-to-date is now 382. This offering is expected to close on Friday, July 30.
Needham & Company is serving as the sole book-running manager for the offering. Sidley Austin LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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...
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Terms Tracker for the Week Ending November 29, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This was a shortened holiday week, but SPACs still managed to put through a number of filings, which should usher in a busy first half...
Range Capital Acqusition Corp. (NASDAQ:RANGU) has filed to launch a $100 million SPAC with a broad approach, but with expertise in natural resources. The vehicle becomes the fourth SPAC that underwriter EarlyBirdCapital has put its name on so far this year, but it bears some different features than the rest of its 2024 slate. EarlyBirdCapital...