KL Acquisition Corp announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “KLAQU” Thursday, January 7.
The new company aims to combine with a healthcare business sporting a technology-driven business model and a strong competitive position. KL is led by CEO and Chairman Doug Logigian alongside CFO and Secretary Richard Gumer and COO David Kho.
Total SPAC deal count for 2021 year-to-date is now 16 with $3.98 billion in gross proceeds raised. This offering is expected to close on Monday, January 11.
Goldman Sachs & Co. LLC is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Terms Tracker for the Week Ending June 2, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As is typical of slow holiday weeks, this past week for SPACs was no exception. To wit, there were zero new S-1s filed, zero amendments...
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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