Marlin Technology Corporation announced the pricing of its upsized $360 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FINMU” Wednesday, January 13.
The new company aims to combine with a technology business that generates recurring revenue and is valued at $1.5 billion to $3 billion. Marlin is led by Chairman Pete Spasov, CEO Nick Kaiser and CFO Michael Nutting.
Total SPAC deal count for 2021 year-to-date is now 38 with $9.95 billion in gross proceeds raised. This offering is expected to close on Friday, January 15.
UBS Securities LLC and Jefferies LLC are serving as joint book-running managers for this offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Terms Tracker for the Week Ending August 1, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week, we end the month of July with 13 IPOs priced (plus one already on the books for August) bringing the year-to-date total to...
Evolution Global (NASDAQ:EVOXU) has filed for a $150 million SPAC to hunt for a domestic critical materials target just as the trade war heats up again. With this final S-1 filing of July, underwriter Cohen & Company put a pin in the new SPAC generation for the month. This brought July’s new SPAC filings to...
In July 2025, the SPAC market continued to show signs of resilience, even as shareholder activity moderated slightly from the previous month. Extension votes remained steady, with most proposals approved and many SPACs still early in their extension cycles. Although only one business combination received shareholder approval, four deals were ultimately completed during the month,...
At the SPAC of Dawn Just when the market thought it might have had a handle on this year’s sources of uncertainty, tariffs have once again returned to complicate the picture. The “reciprocal” tariffs announced and then postponed by the Trump administration are set to snap back in to force on August 7. For some...
HCM III Acquisition Corp. (NASDAQ:HCMAU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HCMAU”, Friday, August 1, 2025. The new SPAC intends to focus on identifying businesses which provide disruptive technology or innovations within the financial services industry. HCM III is led...