ShoulderUp Technology Acquisition Corp. announced the pricing of its upsized $265 million IPO and its units are expected to begin trading on the NYSE under the symbol “SUAC.U” Wednesday, November 17.
The new SPAC intends to focus its efforts on identifying businesses in the technology and cybersecurity industries. ShoulderUp Technology is led by Chairman of the Board of Directors Nominee Vincent Stewart, CEO Phyllis Newhouse, and CFO Grace Vandecruze.
Total SPAC deal count for 2021 year-to-date is now 545. This offering is expected to close on Friday, November 19.
Citigroup Global Markets Inc. (“Citigroup”) is acting as sole bookrunner and representative of the underwriters, and Siebert Williams Shank & Co., LLC and Roberts & Ryan Investments Inc. are acting as co-managers of the offering. DLA Piper LLP US is serving as Issuer’s Counsel with Reed Smith LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...
Oak Woods Acquisition Corporation priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OAKU” Friday, March 24, 2023. The SPAC intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region. Oak Woods is led by...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SMX successfully marks steel at manufacturing facility in Europe, and Rainwater Tech partners with Discovery Land to generate rainfall across developer’s properties SMX Leads the Transition from Linear to Circular Production through the Success...
Between the various recent cases in the Delaware courts, such as Boxed, which involved the different SPAC voting classes, or the Multiplan case, or Arrival, all of which are in addition to the 1% excise tax on share buybacks, there has been a noticeable trend of SPACs moving to off-shore domiciles. We spoke with Derek...