890 5th Avenue Partners, Inc. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ENFAU” Tuesday, January 12.
The new company aims to combine with a TMT business valued at $750 million to $2 billion positioned to benefit from current consumer engagement trends. 890 5th Avenue is led by Executive Chairman Adam Rothstein, CEO Emiliano Calemzuk alongside CFO and COO Michael Del Nin.
Total SPAC deal count for 2021 year-to-date is now 32 with $7.9 billion in gross proceeds raised. This offering is expected to close on Thursday, January 14.
Cowen and Company LLC and Craig-Hallum Capital Group LLP are acting as joint book-running manager for the offering. BraunHagey & Borden LLP is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
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Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...