Rotor Acquisition Corp. announced the pricing of its $240 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “ROT.U” Friday, January 15.
The new company aims to combine with a business that has a leading position within its respective industry and can capitalize on disruptive technology. Rotor is led by CEO, Secretary and Treasurer Brian D. Finn, Chairman Stefan M. Selig and CFO Amy Salerno.
Total SPAC deal count for 2021 year-to-date is now 46 with $12.3 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.
Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for this offering. Graubard Miller is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Invest Green (NASDAQ:IGACU) has filed for a $200 million SPAC to be one of the rare SPACs in the current field actively searching for sustainability investments. The new SPAC offers investors one right to a 1/10 share in each unit and 24 months to initially complete a business combination. This has been among the most...
At the SPAC of Dawn It has been a while since a SPAC or de-SPAC has been at the center of a meme stock craze. Real estate marketplace Opendoor (NASDAQ:OPEN) is stock to be propelled forward by the Reddit forum WallStreetBets and the activity has hit its mark. At one point, Opendoor was up over...
Harry You, Brandon Sun, and Vik Mittal break down the SPAC landscape On this special edition of the SPACInsider Podcast, we bring together a panel of SPAC veterans to explore the state of the market from the perspectives of sponsors, investors, and underwriters. Joining us are serial SPAC sponsor Harry You, Brandon Sun, Head of...
Drugs Made in America II (NASDAQ:DMIIU) has filed for a $500 million SPAC to give the team a fresh vehicle to hunt for targets that has a larger scale and tighter terms than its predecessor. The new SPAC is offering investors one right to a 1/10 share in each unit and no overfunding, while Drugs...
UY Scuti (NASDAQ:UYSC) has entered into a definitive agreement to combine with Chinese auto manufacturer Isdera Group for yet-undisclosed terms. Shanghai-headquartered Isdera produces limited-run, ultra-luxury sports cars. The combined company is expected to trade on the Nasdaq once the deal is completed. Transaction Overview UY Scuti has about $58.1 million in its current trust and...