Chain Bridge I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CBRGU” Wednesday, November 10.
The new SPAC intends to focus its efforts on identifying a prospective target company possessing emerging, innovative technology that can help the U.S. government and its allies successfully compete in the national security arena. Chain Bridge I is led by Chairman of the Board Christopher Darby, CEO Michael Rolnick, and CFO Roger Lazarus.
Total SPAC deal count for 2021 year-to-date is now 535. This offering is expected to close on Monday, November 15.
Cowen and Wells Fargo Securities are acting as joint book-running managers. Goodwin Procter LLP is serving as Issuer’s Counsel with DLA Piper LLP (US) serving as Underwriter’s Counsel. Frank, Rimerman +Co. LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...
At the SPAC of Dawn Though perhaps stuffed to the brim, SPAC activity continues this Thanksgiving Friday with votes by Clean Earth and Zalatoris to extend a deadline and amend trust contributions, respectively. At least seven de-SPACs are also reporting earnings today and will do so going into a futures market that is mostly green...
IB Acquisition Corp. submitted its S-1 filing Friday afternoon for a $100 million IPO, coming right on the heels of Bayview Acquisition Corp, which also filed its S-1 that day. IB is also similar to Bayview in that its units do not feature a warrant but include 1 right for 1/10. However, its trust is slightly...
Integrated Wellness (NYSE:WEL) announced in an 8-K filing that it agreed to transfer control of its sponsor to Sriram Associates, which will now take on the SPAC’s financial obligations and may appoint a new team. Sriram is acquiring 2,012,500 promote shares (70%) and 4,795,000 private placement warrants (70%) for the nominal purchase price of $1....
At the SPAC of Dawn So far, seven SPACs have announced their liquidations this week and although some others may choose to use the holiday to quietly disband, this tends to be a positive week for equities in general. Going back to 1961, the S&P 500 has ended the Thanksgiving week with gains three-quarters of...