Sound Point Acquisition Corp. I Ltd (SPCMU) Prices Upsized $225M IPO
by Marlena Haddad on 2022-03-02 at 6:15am

Sound Point Acquisition Corp. I Ltd announced the pricing of its upsized $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPCMU” Wednesday, March 2.

The new SPAC intends to acquire a business in high-growth sectors within the broadly syndicated loan space such as the IT software, business services and TMT sectors. Sound Point I is led by Chairman and CEO Stephen Ketchum, President Marc Sole, CFO David Grill, and Head of Corporate Development Philip Bartow.

Total SPAC deal count for 2022 year-to-date is now 46. This offering is expected to close on Friday, March 5.


BofA Securities and J.P. Morgan are serving as the joint book-running managers for the offering and AmeriVet Securities and SPC Capital Markets are serving as co-managers for the offering. Gibson, Dunn & Crutcher LLP is serving as Issuer’s Counsel with Morrison & Foerster LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Sound Point Acquisition Corp. I Ltd (SPCMU) Prices Upsized $225M IPO
Recent Posts
by Nicholas Alan Clayton on 2025-06-30 at 9:04pm

NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...

by Nicholas Alan Clayton on 2025-06-30 at 5:10pm

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...

by Nicholas Alan Clayton on 2025-06-30 at 4:57pm

Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...

by Nicholas Alan Clayton on 2025-06-30 at 3:49pm

After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...

by Nicholas Alan Clayton on 2025-06-30 at 1:15pm

Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved