Lazard Growth Acquisition Corp. I announced the pricing of its $500 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “LGACU” Wednesday, February 10.
The new company aims to combine with a differentiated healthcare, technology, energy, financial or consumer business. Lazard I is led by Executive Chairman Alexander Stern, CEO Eyal Ofir, and CFO Mary Ann Deignan.
Total SPAC deal count for 2021 year-to-date is now 129 with $38.6 billion in gross proceeds raised. This offering is expected to close on Friday, February 12.
Goldman Sachs & Co. LLC is acting as the book-running managers for the offering. Cravath, Swaine & Moore LLP is serving as Issuer’s Counsel with Sullivan & Cromwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
ProCap Acquisition Corp. (NASDAQ:PCAPU) has filed for a $200 million SPAC to hunt for a fintech or financial services target. The new S-1 filing was BTIG’s second of the week after a two-month break, bringing its 2025 new SPAC filings to five and the bank has so far managed to IPO five SPACs as well....
MSM Frontier Capital Acquisition Corp. (NASDAQ:MSMUU) has filed for a $225 million SPAC to search for a infrastructure target in Africa. The new SPAC will head out on this expedition with a trust that is not overfunded and units that each contain one right to a 1/8 share. It will also have 24 months to...
At the SPAC of Dawn This action-packed week in SPACs comes to an end with three more SPACs launching their IPOs, bringing it to nine on the week. And, the crypto strategy that SPACInsider noticed becoming increasingly popular among de-SPACs earlier this year has continued to gain steam. This week, edtech firm Classover (NASDAQ:KIDZ), fresh...
Cartesian Growth Corporation III (NASDAQ:CGCT) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CGCT”, Friday, May 2, 2025. The new SPAC intends to combine with a closely held private company ready to make the jump to being a market-leading transnational...
Cantor Equity Partners II, Inc. (NASDAQ:CEPT) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CEPT”, Friday, May 2, 2025. The new SPAC intends to combine with a target in the financial services, healthcare, real estate services, technology, or software industries....