Sandbridge X2 Corp. announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBII.U”, Wednesday, March 10.
The new company aims to combine with a consumer target driving the adoption of digital products and services. Sandbridge X2 is led by Chairman and CEO Ken Suslow, CFO Richard Henry and COO Joe Lamastra.
Total SPAC deal count for 2021 year-to-date is now 235. This offering is expected to close on Friday, March 12.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers. Academy Securities, Inc., Drexel Hamilton, LLC, Roberts and Ryan Investments Inc., Siebert Williams Shank & Co., LLC and R. Seelaus & Co., LLC are acting as co-managers. Ropes & Gray LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Melar I (NASDAQ:MACI) has entered into a definitive agreement to combine with Italian e-commerce firm Everli at a pro forma enterprise value of $247 million. Everli delivers groceries to consumers via in-store shoppers at a wide range of retailers in the Italian market. The combined company is expected to trade on the Nasdaq under the...
Spring Valley II (NASDAQ:SVII) has entered into a definitive agreement to combine with uranium miner Eagle Energy Metals at an equity value of $312 million. Eagle Energy holds the rights to two large uranium deposits near the Oregon-Nevada border that it aims to develop alongside its own small, modular nuclear reactor designs. The combined company...
The pace of lock-up expirations among de-SPACs and sponsors is set to slow in August as just four of each will become newly freed to trade their shares. Those with the most to gain from this new freedom this month are the company shareholders of eVTOL developer Joby (NYSE:JOBY). It last closed at $16.89 as...
At the SPAC of Dawn The return of the SPAC market has not depended on further interest rate cuts, but SPACs would have likely benefited had the Fed leaned that way yesterday afternoon. The market is still pointed up in the pre-market even in the absence of a cut, perhaps with the knowledge that dissent...
D. Boral Acquisition I Corp. (NASDAQ:BCARU) announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BCARU”, Thursday, July 31, 2025. The new SPAC plans mount a generalist search for a target company valued at $700 million or more in a sector aligned...