5:01 Acquisition Corp. announced the pricing of its $80 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “FVAM” tomorrow, Wednesday, October 14.
The new company aims to combine with a biotechnology target with scientifically differentiated potential treatments that remains at the early stages of its development. 5:01 is led by Co-CEO and Director Andrew J. Schwab, Co-CEO and Director Kush M. Parmar, General Counsel and Secretary Galya D. Blachman, CFO Rebecca L. Lucia, and Chief Business Officer Jason R. Ruth.
Total SPAC deal count for 2020 year-to-date is now 139 with $53.81 billion in gross proceeds raised. This offering is expected to close on Friday, October 16.
BofA Securities, Inc. acted as the sole book-running manager for the offering. Cooley LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
TLGY (OTC:TLGYF) has entered into a definitive agreement to combine with crypto treasury firm StablecoinX at a pro forma $393.6 million equity value. StablecoinX aims to build a sizeable holding of the stablecoin Ethena to gain appreciation on its potential broadening adoption and growth. The combined company is expected to trade on the Nasdaq under...
Dynamix (NASDAQ:DYNX) has signed a definitive agreement to combine with crypto treasury firm The Ether Machine in a deal that is expected to deliver about $1.7 billion in gross proceeds. The Ether Machine aims to use proceeds from the business combination to buy the largest listed position in Ethereum and make continued transactions based on...
Cantor Equity Partners IV Inc. (NASDAQ:CEPF) has filed for a $400 million SPAC to extend the team’s already extraordinary 2025 run. Like the other SPACs in this series, Cantor Equity IV will sell only shares in its offering and its trust will not be overfunded. Ordinarily, this would leave little for SPAC investors to be...
At the SPAC of Dawn The pace of SPAC votes is picking up with three extension votes scheduled for this week while both WinVest (OTC:WINV) and Inception Growth (OTC:IGTA) are each hoping to secure shareholder approval for their business combinations on Friday. If both successfully close, they would help the ongoing process to close the...
Terms Tracker for the Week Ending July 18, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Three more SPACs priced this week, bringing July’s IPO total to 11 with two more weeks in the month still to go. With that pace,...