Diamond Eagle Acquisition Corp. (DEACU), just began trading in a surprise mid-day pricing of their $350 million SPAC IPO. The units are currently trading under the symbol Nasdaq: DEACU. However, there is no press release (as of yet).
Diamond Eagle is the fifth “Eagle” SPAC from the team of Jeff Sagansky and Harry Sloan, having most recently closed Platinum Eagle’s business combination with Target Hospitality Corp. (TH).
Total SPAC deal count for 2019 year-to-date is now 21 with $4.864 billion in gross proceeds raised. The offering is expected to close on or about May 14th, 2019.
Congratulations to all.
Deutsche Bank and Goldman Sachs acted as joint book-running managers. Northland Capital Markets acted as co-manager.
Winston & Strawn LLP and Skadden, Arps, Slate, Meagher & Flom LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.
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