FG New America Acquisition Corp. announced the pricing of its $225 million IPO this evening and the units are expected to begin trading on the NYSE under the symbol “FGNA.U” tomorrow, Wednesday, September 30.
This new company aims to combine with a target within the insurance and financial services technology sectors or one in the consumer sphere. FG New America is led by Chairman Joseph H. Moglia, CEO Larry G. Swets, Jr., D. Kyle Cerminara and CFO Hassan R. Baqar.
Total SPAC deal count for 2020 year-to-date is now 115 with $43.6 billion in gross proceeds raised. This offering is expected to close on Friday, October 2.
Piper Sandler & Co. and ThinkEquity, a division of Fordham Financial Management, Inc., are acting as joint book-running managers of the offering. White & Case LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Plante & Moran, PLLC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
At the SPAC of Dawn The market may be on tenterhooks today as new CPI numbers roll out, but the SPAC market is rolling on as well. Two SPACs are expected to join their 236 listed brethren on the public markets today, having priced their IPOs after hours. The 101st and 102nd new S-1s of...
Highview Merger Corp. (NASDAQ:HVMCU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HVMCU”, Tuesday, August 12, 2025. The new SPAC aims to combine with a North American or European business with an excellent management team and a robust outlook for long-term...
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BoluoC (NASDAQ:LBKXU) has filed for a $60 million SPAC to bring a fresh Asia-based team with blockchain expertise to a target search. The new SPAC is offering investors 1/2 warrant in each unit and a potential shot at a redemption opportunity 18 months after IPO. If the SPAC wishes to extend its lifespan beyond this...
At the SPAC of Dawn With an increasingly thick crowd of crypto treasury deals coming to market via SPACs simultaneously, there was a sign late last week that they may now be coming at a one-in-one-out basis. A proposed combination between Gores X (NASDAQ:GTEN) and Joe McCann-led Solana treasury has reportedly fallen through according to...