Consilium Acquisition Corp. I, Ltd. announced the pricing of its upsized $165 million IPO, and its units are expected to begin trading on the Nasdaq under the symbol “CSLMU” Thursday, January 13.
The new SPAC intends to focus on disruptive new economy companies across Frontier Growth Markets, located in the Middle East North Africa, Sub-Saharan Africa, South Asia and Southeast Asia. Consilium I is led by CEO and CFO Charles Cassel, Chairman Jonathan Binder, and COO Faisal Ghori.
Total SPAC deal count for 2022 year-to-date is now 11. This offering is expected to close on Tuesday, January 18.
BTIG, LLC is acting as sole book-running manager for the offering. I-Bankers Securities, Inc. is acting as co-manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. BDO USA, 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....
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