INSU Acquisition Corp. III announced the pricing of its $218 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “IIIIU” tomorrow, Friday, December 18.
The new company aims to combine with an insurance business with unique technology or attractive approach to distribution, brokering or services. INSU III is led by Chairman Daniel G. Cohen, President and CEO John M. Butler and CFO Joseph W. Pooler Jr.
Total SPAC deal count for 2020 year-to-date is now 239 with $80.3 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 22.
Cantor Fitzgerald & Co. and Wells Fargo Securities LLC are acting as joint book-running managers for the offering. Ledgewood PC is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
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Columbus Circle I (NASDAQ:CCCM) has entered into a definitive agreement to combine with ProCap Financial as part of a raise of about $1 billion in capital for the target company. ProCap aims to build a Bitcoin treasury that will eventually provide the backing for a financial institution providing investment banking services. The combined company is...
At the SPAC of Dawn SPACs have a busy week of votes ahead of them with six special meetings to approve extensions and three to complete business combinations. JVSPAC (NASDAQ:JVSA) is set to kick off the run of deal votes tomorrow as it seeks approval to tie things up with Southeast Asian hospitality chain Hotel101....
Terms Tracker for the Week Ending June 20, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Two more SPACs priced IPOs this week, one each from Cohen and Cantor. That brings June’s IPO count to five and the 2025 year-to-date tally...
CSLM Digital Asset (NASDAQ:KOYNU) has filed for a $200 million IPO to hunt for a crypto transaction with a team that includes veterans from a variety of other SPAC efforts. The new SPAC sports 1/2 warrants in units and will have 24 months to initially close a business combination. It becomes the 16th SPAC that...