SportsTek Acquisition Corp announced the pricing of its upsized $150 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SPTKU” Wednesday, February 17.
The new company aims to combine with a sports franchise or business in a sports-adjacent sector like media, data analytics or services. SportsTek is led by Chair and Co-CEO Jeffrey Luhnow, Co-CEO C. Tavo Hellmund and CFO and COO Timothy W. Clark.
Total SPAC deal count for 2021 year-to-date is now 151. This offering is expected to close on Friday, February 19.
Stifel is acting as the sole book-running manager for the offering. O’Melveny & Myers 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.
Hall Chadwick (NASDAQ:HCACU) has filed for a $180 million SPAC to bring a team with strong ties to the Outback for a walkabout to find a technology target. The new SPAC is offering investors one right to a 1/10 share in each unit, no overfunding and a 24-month initial timer on its deal search. It...
Spring Valley III has filed for a $150 million SPAC with the most team-friendly terms of the Spring Valley series fresh off of recent successes by its first de-SPAC and a speedy deal announcement by its second vehicle. This third member of the series will have 1/3 warrants in its units and no overfunding of...
At the SPAC of Dawn An arms race is heating up among eVTOL de-SPACs as several near the commercial launch of their first air taxis. Earlier this week, Joby (NYSE:JOBY) made one big shot across the bow by agreeing to buy out the heli-taxi business of fellow de-SPAC Blade (NASDAQ:BLDE) for $125 million. Its de-SPAC...
Starry Sea Acquisition Corp. (NASDAQ:SSEAU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SSEAU”, Friday, August 8, 2025. The new SPAC plans to mount a generalist search for a target company that has the potential to generate attractive returns. Starry Sea’s...
SilverBox IV (NYSE:SBXD) has entered into a definitive agreement to combine with digital asset manager Parataxis Capital at a pro forma equity value of $393.4 million. Parataxis is building the first crypto treasury listed in South Korea and plans to generate continued yields from the Bitcoin holdings it amasses. The combined company is expected to...