SilverBox Corp. III priced its upsized $120 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBXC.U” Tuesday, February 28, 2023.
The new SPAC intends to acquire one or more businesses with an aggregate enterprise value in excess of $750 million in an industry where it believes the expertise of its management team and its advisory group will provide it with a competitive advantage in completing a successful initial business combination.
SilverBox III is led by Chairman of the Board Stephen Kadency, CEO Joseph Reece, Chief Investment Officer Duncan Murdoch, COO Jin Chun, and CFO Daniel E. Esters, and General Counsel David Lee.
Total SPAC deal count for 2023 year-to-date is now 7. This offering is expected to close on Thursday, March 2.
Credit Suisse Securities (USA) LLC is acting as sole book-running manager. Paul Hastings LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Vehicle data-tracker Wejo (NASDAQ:WEJO) announced in an 8-K this afternoon that it has filed its intention to appoint an administrator to oversee its insolvency and it is evaluating whether it will do so in the United States as well. The company, which completed a de-SPAC transaction with Virtuoso in November 2021, has another SPAC deal...
Aimei Health Technology Co. (NASDAQ:AFJK) filed its S-1 Friday afternoon for a $50 million IPO, marking the fourth SPAC to file for an IPO in May and the twelfth year-to-date. Given its name, it comes as no surprise that Aimei Health Technology intends to pursue prospective targets that are focused on healthcare innovation. More specifically, the...
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GreenLight Biosciences (NASDAQ:GRNA), which combined with Environmental Impact in February 2022, announced this morning that it is being acquired in a go-private transaction by Fall Line Capital for $45.5 million. While this is a steep valuation decline from its $1.23 billion enterprise value at the announcement of its SPAC deal, this price does represent a...
FOXO Technologies Inc. (NYSE:FOXO), which completed its business combination with Delwinds Insurance in September 2022, announced this morning that it has consummated its exchange offer for all outstanding warrants as well as its PIK note offer to amend. As part of the offer, all holders of FOXO’s warrants received 4.83 shares of Class A common...