Blockchain Coinvestors Acquisition Corp. I announced the pricing of its upsized $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BCSAU” Wednesday, November 10.
The new SPAC intends to focus its search on companies in the financial services, technology and other sectors of the economy that are being enabled by emerging applications of blockchain. Blockchain Coinvestors Acquisition Corp. I is led by Managing Director and Chair of the Board James Matthew Le Merle, Managing Director and CEO & Director Lou Kerner, and Managing Director Alison Davis.
Total SPAC deal count for 2021 year-to-date is now 537. This offering is expected to close on Monday, November 15.
Cantor Fitzgerald & Co. and Moelis & Company LLC are acting as joint book-running managers of the offering. Perkins Coie LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Horizon Space II (NASDAQ:HSPT) has signed a definitive agreement to combine with clinical stage biotech firm SL Bio Ltd. for $5.57 billion in equity consideration. Taipei, Taiwan-based SL Bio is developing drug candidates to treat several cancer types while also selling over-the-counter beauty products derived from natural extracts. The combined company is expected to trade...
At the SPAC of Dawn This is set to be a slower week for votes with just two SPACs seeking an extension and none yet scheduling a meeting for approving a business combination. Integrated Rail & Resources (OTC:IRRX) primed the pump somewhat for investors ahead of its Tuesday special meeting by announcing it has entered...
Terms Tracker for the Week Ending May 9, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. After the sprint that was last week, with nine IPOs and six new SPAC filings, this week took a breather. Only two SPACs priced, there...
Lake Superior (NASDAQ:LKSPU) has filed for a $100 million SPAC as its CEO attempts to go three-for-three with SPACs that led to completed deals. This new vehicle has one right to a 1/6 share in each unit and some common features of a SPAC underwritten by Cohen & Company in this current climate. Although the...
At the SPAC of Dawn De-SPACs were among the biggest movers in yesterday’s stock market rally, but most of this momentum came on the backs of direct earnings performance. Only three US-listed companies had bigger one-day gains than quantum computing firm D-Wave’s (NYSE:QBTS) +51.2% jump. This came as the company announced $15 million in revenue...