Altitude Acquisition Corporation announced the pricing of its upsized $261 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ALTUU” tomorrow, Wednesday, December 9.
The new company aims to combine with a travel technology business valued at a $1 billion or more connected to mobile solutions, fintech or the sharing economy. Altitude is led by CEO, President and Director Gary Teplis, CFO Farris Griggs and COO Kevin Schubert.
Total SPAC deal count for 2020 year-to-date is now 217 with $74.1 billion in gross proceeds raised. This offering is expected to close on Friday, December 11.
Cantor Fitzgerald & Co. is acting as the sole book-runner and Odeon Capital Group, LLC as the lead manager of the offering. White & Case LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
At the SPAC of Dawn The faucet of new SPACs to market is fully open with two more new SPACs pricing overnight and Churchill X (NASDAQ:CCCXU) already fully over-allotted after its May 14 IPO. Of the two IPOs Wen Acquisition Corp (NASDAQ:WENNU) showed particular speed, having filed its initial S-1 just over two weeks ago...
Columbus Circle Capital Corp I (NASDAQ:CCCMU) announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCCMU”, Friday, May 16, 2025. The new SPAC aims to conduct a broad search for a target with a team that has expertise in telecoms, media,...
Wen Acquisition Corp (NASDAQ:WENNU) announced the pricing of its $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “WENNU”, Friday, May 16, 2025. The new SPAC aims to combine with a fintech target focused on enabling digital assets through the integration of blockchain networks into traditional financial...
Blue (NYSE:BACCU) has filed for a $150 million SPAC that will take a generalist search process, but it hopes to come down with an industrial target. The new SPAC is the 11th in a row to file without an offer to overfund its trust. It offers investors one right to a 1/10 share in each...
Axiom Intelligence Acquisition Corp. 1 (NYSE:AXINU) has filed for a $150 million SPAC that will look for opportunities among infrastructure targets in both the physical and digital spheres. The new SPAC is not overfunded and has one right to a 1/10 share in each unit with 24 months to initially complete a business combination. The...