Kingswood Acquisition Corp. announced the pricing of its $100 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “KWAC.U” tomorrow, Friday, November 20.
The new company aims to combine with a target in the financial services industry with differentiated advisory and investment management offerings. Kingswood is led by Executive Chairman and Director Gary Wilder and CEO and Director Michael Nessim.
Total SPAC deal count for 2020 year-to-date is now 191 with $67.2 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 24.
Oppenheimer & Co. is acting as the sole book running manager for the offering with Odeon Capital Group, LLC serving as Lead Manager. Winston & Strawn LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. As part of the agreement, J. Streicher will pay $250,000 to Trajectory Alpha and $1.00 to the sponsor. In return,...
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Clover Leaf Capital Corp. (NASDAQ: CLOE) has entered into a definitive agreement to combine with Digital Ally, Inc.’s (NASDAQ: DGLY) ticketing platform Kustom Entertainment at a pro forma equity value of approximately $222.2 million. Kansas City, Kansas-based Kustom Entertainment is a primary and secondary ticket platform that manages wholly-owned subsidiaries TicketSmarter and Kustom 440. Transaction Overview Clover...