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.
DUET Acquisition Corp. (NASDAQ:DUET) has signed a business combination agreement with social media firm Fenix 360 at an enterprise value of $610 million. Singapore-based Fenix 360 is developing an app-based social media platform designed for artists to better engage with fans and monetize interactions. The combined company is expected to trade on the Nasdaq once...
PROOF Acquisition Corp I (NYSE: PACI) announced this morning that its shareholders have approved its business combination with private aviation company Volato at a special meeting held on November 28. Approximately 97% of the votes cast at the meeting were cast in favor of the approval of the deal. The SPAC did not disclose redemption...
At the SPAC of Dawn Filings after the bell yesterday provided another three-liquidation day for SPACs bringing this week’s tally to four and extending a streak of five straight weeks with four to five liquidations each week. With 178 SPACs having announced a liquidation so far in 2023, the year’s total number could well exceed...
Plum Acquisition Corp. I (NASDAQ:PLMI) has entered into a definitive agreement to combine with digital transformation company Veea for a total enterprise value of approximately $281 million. New York City-based Veea aims to simplify secure edge computing by improving application responsiveness, reducing bandwidth and data transport costs, and eliminating central cloud dependency. The parties expect the transaction to be...
L Catterton Asia (NASDAQ:LCAA) announced this morning that it has upsized the committed financing in its combination with EV sports car maker Lotus to $870 million in total. The latest fuel injection comes in the form of $750 million in convertible notes and PIPE commitments under so far undisclosed terms. Counted purely as a PIPE,...