PROOF Acquisition Corp. I announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the NYSE under the symbol “PACI.U” Wednesday, December 1.
The new SPAC intends to identify and merge with a business that has the potential to achieve sustainable growth and which addresses a large and growing market. PAC I believes there are attractive trends in several industries, including the enterprise software, healthcare, financial technology, and consumer sectors, although it may pursue an acquisition in any business industry or sector. PROOF I is led by Chief Executive Officer and Member of the Board John C. Backus, Jr., Chief Financial Officer Steven P. Mullins, General Counsel and Corporate Secretary Michael W. Zarlenga, and Chairman of the Board Peter C. Harrison.
Total SPAC deal count for 2021 year-to-date is now 564. This offering is expected to close on Friday, December 3.
BofA Securities is acting as the sole book-running manager for the offering. Steptoe & Johnson LLP is serving as Issuer’s Counsel with Deringer US LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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...
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...
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...
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...
At the SPAC of Dawn The last day of the quarter is to play host to a pair of shareholder votes and a possible pricing of Indigo‘s (NASDAQ:INACU) $100 million IPO. This week is also to play host to fresh jobs numbers just before the long July 4 weekend. Black Hawk (NASDAQ:BKHA) was also one...